SEBA Bank picks DASL for digital securities 15 July 2020Zug Reporter: Rebecca Delaney
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SEBA Bank is set to partner with Digital Asset Shared Ledger (DASL) to provide issuance and investment in digital securities to institutional investors.
The Swiss bank will access DASL’s compliant digital securities offering, such as issuance, transfer, portfolio management, asset servicing, and clearing and settlement services through distributed ledger technology (DLT).
Digital assets will be transferred across the public peer-to-peer Corda Network of DLT nodes, which allows for interoperability across multiple platforms and processes.
In the partnership, SEBA Bank will offer primary asset tokenisation and distribution alongside its custody, asset management, and trading product.
Matthew Alexander, head of tokenisation at SEBA Bank, commented: “Widespread adoption of digital assets and securities by institutions requires trusted venues for distribution and for secondary trading and liquidity.”
“DASL provides SEBA with an immediate and secure platform for our digital securities product range. We look forward to combining our strengths with those of DASL to further enhance our client solutions and services.”
Richard Crook, founder of DASL, added: “We are delighted to partner with SEBA Bank and bring them onto the public Corda Network with DASL to provide an accelerator to the digital capital markets for SEBA’s institutional clients.”
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