Swiss crypto bank Seba rebrands to Amina amidst international growth
Significant Swiss cryptocurrency-enabled bank Seba is altering its name amidst growing aspirations to broaden its trading services worldwide.
Seba Bank AG has actually rebranded to Amina Bank AG, the company revealed to Cointelegraph on Nov. 30. “We chose to alter our name from SEBA Bank due to resemblances with SEB Bank in Sweden. SEB Bank and SEBA Bank consented to a name modification in 2023,” Amina CEO Franz Bergmueller informed Cointelegraph.
The brand-new name, Amina, originates from the term “transamination,” suggesting the transfer of one substance to another, the company stated– describing its objective to unite numerous components of conventional, digital and crypto banking.
While the brand-new identifying is based upon the concept of intensifying various kinds of banking, Amina’s previous name, Seba, is apparently a play on the name of its creator, Sebastien Merillat. “I’m simply enthusiastic about innovation and seeing how it will work,” Merillat stated in an interview in 2019.
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Seba’s rebranding to Amina comes amidst the crypto bank actively broadening its items worldwide. In early November 2023, Seba acquired a license from the Hong Kong Securities and Futures Commission, which permitted the company to provide crypto trading services in the nation. In 2022, Seba likewise acquired monetary services approval from Abu Dhabi Global Market and opened a workplace in Abu Dhabi.
” As we eagerly anticipate 2024, our aspiration is to speed up the development of our tactical centers in Switzerland, Hong Kong, and Abu Dhabi, and to continue our international growth,” Amina CEO stated, including:
” Currently, we keep our concentrate on 3 areas: Switzerland, Abu Dhabi and APAC, consisting of Hong Kong and Singapore.”
Apart from its managed centers in Zug, Hong Kong and Abu Dhabi, Amina runs worldwide, using its customers conventional and crypto banking services. Present customers of Amina Bank– previously Seba Bank– will be untouched by the rebrand, as all operations will be service as typical throughout the board, the company stated.
Released in 2018, Amina is a significant gamer in the cryptocurrency environment, allowing numerous banks to run crypto-related services. In November 2023, Switzerland’s St.Galler Kantonalbank, among the biggest banks in the nation, partnered with then-branded Seba to provide its customers digital property custody and brokerage services.
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