Zug, Switzerland, 11 May 2020// – SEBA Bank AG (SEBA), a leading integrated bank for digital and traditional asset services headquartered in Switzerland, and Tokensoft International AG (Tokensoft), a leading technology platform,have entered into strategic partnership in asset tokenization.
Tokensoft’s innovative tokenization platform will become an integral component of SEBA’s asset tokenization services. US-based Tokensoft Inc. provides the technology to Tokensoft for the provision of tokenization solutions and blockchain software services in Switzerland and Europe.
SEBA and Tokensoft have been collaborating closely on a range of digital client solutions and technologies and are pleased these will be made available as part of this strategic partnership with the primary goal of:
- Broadening SEBA’s tailored asset tokenization technology and advisory solutions for institutions and qualified private individuals, allowing clients to design, structure, issue and manage digital assets on SEBA’s platform,
- Combining Tokensoft’s deep technology expertise as well as critical market infrastructure utilities with SEBA’s profound financial market knowledge and enterprise grade tokenization capabilities to offer it to a wider range of clients, and
- Promoting common tokenization standards to ensure interoperability between blockchain and traditional financial systems, bridging traditional fiat-banking with both existing and emerging digital banking processes and technology.
Matthew Alexander, Head Asset Tokenization at SEBA: “We are convinced that this strategic partnership will enable us to provide our clients with enhanced tokenization technology and solutions to suit existing and emerging demands.
As one of the leading security token issuance and asset servicing platforms, Tokensoft’s core competencies perfectly complement our existing asset tokenization capabilities. Our Asset Tokenization division offers enterprise grade solutions, with our Swiss banking license assuring the highest standards in security and stability”.
Mason Borda, CEO of Tokensoft Inc.: “Switzerland has been at the forefront of digital asset development – SEBA is globally one of the first banks with a focus on digital assets, which received a banking and securities dealer license from the Swiss Financial Market Supervisory Authority (FINMA).
We believe that such partnerships are the kind of careful, detailed groundwork that will lay the foundations for a robust Digital Asset Economy in the years to come.”
African Eye Report