Swiss Bank Starts Offering Custody for Blue Chip NFTs
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Oct. 26, 2022

Swiss crypto bank SEBA Bank now allows its individual and institutional clients to store their non-fungible tokens (NFTs) in a special custody solution.

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According to a blog post, users can store their NFTs based on the Ethereum network if the tokens are from blue chip collections like Bored Ape Yacht Club, CryptoPunks and Clone X. No support for other blockchains was announced so far.

Urs Bernegger, Co-Head of Markets & Investment Solutions of SEBA Bank, said that the solution is ISAE 3402 certified and established by "independent bodies." He added:

"The range of services combined with the highest security standards makes SEBA Bank's service offering unique and we are very pleased to be able to support our clients with our expertise in expanding our service by offering NFT custody."

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With the new solution, clients of the Zug-based bank can store NFTs within their Swiss Bank account, in addition to 16 other cryptocurrencies.

In January, SEBA secured a Series C funding round, raising ~$120 million from a consortium of specialized blockchain and fintech investors, comprised of Altive, Ordway Selections, and Summer Capital. Founded in 2018, the Swiss bank offers crypto-related service across 25+ markets around the world.

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