SEBA Launches Trading of Top Web 3.0 Tokens

Web 3.0 Banking Services

St.Galler Kantonalbank (SGKB), one of Switzerland’s largest banks, is embracing the cryptocurrency revolution by introducing Bitcoin (BTC) and Ether (ETH) trading to its customers.

SGKB has partnered with SEBA, a global bank focused on digital assets, to provide its clients with secure custody and brokerage services for cryptocurrencies.

On Nov. 1, SGKB and SEBA reported that the crypto service is now available to select SGKB customers following a short testing period earlier this year. The services will start with Bitcoin and Ether support, with plans to add more Web 3.0 crypto coins to the list based on customer demand.

Established in 1868, St.Galler Kantonalbank is a major Swiss regional bank, offering retail and commercial banking, private and institutional banking. According to reports, SGKB is the fifth largest bank in Switzerland, managing a total of 53.6 billion Swiss francs ($58.9 million) by the end of 2022.

SGKB Introduces Crypto Services via SEBA

SGKB has taken its first step into the digital asset industry by partnering with SEBA, in order to provide its banking customers with access to cryptocurrencies as part of their investment portfolios.

“We are delighted to be able to offer a select client base access to digital assets and the digital economy,” said SGKB head of market services Falk Kohlmann. He went on to add:

SEBA, SGKB’s crypto partner, is a Swiss-regulated global bank that specializes in managing, investing, and storing cryptocurrencies, nonfungible tokens, and other digital assets. After receiving a banking license from the Swiss Financial Market Supervisory Authority in 2019, SEBA has been providing crypto services to major private and retail banks such as LGT Bank Liechtenstein and Bank Julius Baer.

The Swiss crypto ecosystem has been rapidly expanding, with many local banks introducing cryptocurrency services. In September 2023, Dukascopy Bank, a licensed Swiss bank, officially launched its crypto-enabled services, which include margin trading and online retail banking accounts.

Speaking to Cointelegraph, the Chief Brokerage Officer of Dukascopy Bank expressed his belief that cryptocurrencies are still playing a major role in the world today. He also mentioned that providing crypto-related services through a regulated bank could bring great benefit to the whole cryptocurrency industry.

The current market offers a wide range of web 3.0 tokens, and with the help of digital marketing, users can easily find out the name list of web 3.0 crypto coins to invest in. Moreover, the development of web 3.0 banking and Microsoft web services enhancements 3.0 can also make it easier to purchase web 3.0 tokens.