Finance Breaking news Swiss bank Seba issues Series B equity as security tokens last financial news

Breaking-Finance.Com - Swiss digital asset bank Seba is set to issue its Series B equity to shareholders as security tokens on a blockchain.

Finance Breaking news Swiss bank Seba issues Series B equity as security tokens last financial news

Breaking-Finance.Com - Swiss digital asset bank Seba is set to issue its Series B equity to shareholders as security tokens on a blockchain.

Finance Breaking news Swiss bank Seba issues Series B equity as security tokens last financial news
05 February 2021 - 00:45

Breaking-Finance.Com - Swiss digital asset bank Seba is set to issue its Series B equity to shareholders as security tokens on a blockchain. The move comes after Switzerland adopted a new distributed ledger technology law that recognises tokenised securities as an asset class that can have their legal ownership rights transferred via a blockchain.Finma-licenced Seba Bank had already indicated that it would tokenise its shares of the Series B fundraising when the law came into force.

. The tokens are based on ERC20 Ethereum protocol and are "engineered to allow seamless connectivity for trading and liquidity on future internationally recognised digital liquidity venues," says the bank.Hans Kuhn, board member, Seba, says: “With the DLT law coming into force today, Switzerland reaffirms itself as one of the most progressive and innovative legal and regulatory jurisdictions around the world that now fully supports the issuance of digital securities on a native blockchain basis."

Source = Breaking-Finance.Com

Financial breaking news

This news 22 hits received.

Finance Breaking news Swiss bank Seba issues Series B equity as security tokens last financial news


Finance Breaking news Swiss bank Seba issues Series B equity as security tokens last financial news


Finance Breaking news Swiss bank Seba issues Series B equity as security tokens last financial news


Finance Breaking news Swiss bank Seba issues Series B equity as security tokens last financial news

COMMENTS

  • 0 Comment
MAY INTEREST YOU x
Finance Breaking news IWD 2021: No more talking, it's time for action on female representation in fintech last financial news
Finance Breaking news IWD 2021: No more talking, it's time...
Finance Breaking news ING invests in credit scoring startup Flowcast last financial news
Finance Breaking news ING invests in credit scoring startup Flowcast...