Switzerland Licensed Digital Asset Bank SEBA Bank Recognized for Crypto ETP

FINMA licensed digital asset bank SEBA Bank has won the “Best ETP of the Year” Award in the Swiss ETF Awards 2022, according to a note from the company. The ETP in question is the SEBA Crypto Asset Select Index (SEBAX), which trades on the SIX Swiss Exchange.

The Swiss ETF Awards 2022 honor ETFs [exchange traded funds] and ETPs [exchange traded products] listed in Switzerland in 2021 across seven categories.

The SEBAX index utilizes SEBA Bank’s Research unit which complies with the Swiss Bankers Association research guidelines and offers investors a diversified cryptocurrency market exposure while optimizing overall risk.

As a second-generation crypto-currency index, the SEBAX index is described as a “smart beta index”, employing a unique coin selection and weighting methodology.

Stefan Schwitter, Head of Investment Solutions at SEBA Bank, commented on the recognition:,

“We are delighted to receive recognition for SEBAX in the Best Swiss ETP category by the public. We are proud of the two-year live track record of the SEBAX Index having delivered twice the performance of Bitcoin at the same level of risk – a clear leadership position in the crypto space.”

SEBA Bank received its banking and securities license in 2019.

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