1 year ago
Seba’s caller name, Amina, stems from “transamination,” meaning transference of 1 compound to another, symbolizing bringing antithetic types of banking together.
Major Swiss cryptocurrency-enabled slope Seba is changing its sanction amid increasing ambitions to grow its trading services worldwide.
Seba Bank AG has rebranded to Amina Bank AG, the steadfast announced to Cointelegraph connected Nov. 30. “We opted to alteration our sanction from SEBA Bank owed to similarities with SEB Bank successful Sweden. SEB Bank and SEBA Bank agreed to a sanction alteration successful 2023,” Amina CEO Franz Bergmueller told Cointelegraph.
The caller name, Amina, stems from the word “transamination,” meaning the transference of 1 compound to another, the steadfast said — referring to its ngo to bring unneurotic assorted elements of traditional, integer and crypto banking.
While the caller naming is based connected the thought of compounding antithetic types of banking, Amina’s erstwhile name, Seba, is reportedly a play connected the sanction of its founder, Sebastien Merillat. “I’m conscionable passionate astir exertion and seeing however it volition work,” Merillat said successful an interrogation successful 2019.
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Seba’s rebranding to Amina comes amid the crypto slope actively expanding its products astir the world. In aboriginal November 2023, Seba obtained a licence from the Hong Kong Securities and Futures Commission, which allowed the steadfast to connection crypto trading services successful the country. In 2022, Seba besides obtained fiscal services support from Abu Dhabi Global Market and opened an bureau successful Abu Dhabi.
“As we look guardant to 2024, our ambition is to accelerate the maturation of our strategical hubs successful Switzerland, Hong Kong, and Abu Dhabi, and to proceed our planetary expansion,” Amina CEO said, adding:
“Currently, we support our absorption connected 3 regions: Switzerland, Abu Dhabi and APAC, including Hong Kong and Singapore.”Apart from its regulated hubs successful Zug, Hong Kong and Abu Dhabi, Amina operates globally, offering its clients accepted and crypto banking services. Current clients of Amina Bank — formerly Seba Bank — volition beryllium unaffected by the rebrand, arsenic each operations volition beryllium concern arsenic accustomed crossed the board, the steadfast said.
Launched successful 2018, Amina is simply a large subordinate successful the cryptocurrency ecosystem, enabling galore fiscal institutions to run crypto-related services. In November 2023, Switzerland’s St.Galler Kantonalbank, 1 of the largest banks successful the country, partnered with then-branded Seba to connection its clients integer plus custody and brokerage services.
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