Aix-en-Provence, France and Zug, Switzerland – 04th October 2018 – smartTrade Technologies (smartTrade), a multi-asset electronic trading pioneer, has been chosen by SEBA Crypto AG (SEBA), to deliver SEBA’s state-of-the-art crypto and traditional assets trading platform.
SEBA has the ambition to build a regulated bank to bridge the gap between the crypto and traditional financial economies. Headquartered in Zug, Switzerland, SEBA wants to give institutions, corporates and individuals the confidence to operate in both economies, enabling new thinking, creating solutions and managing digital wealth efficiently.
smartTrade is the chosen partner to provide SEBA’s trading solution. As an innovation-driven company, smartTrade started investing R&D resources in blockchain and crypto assets very early on. smartTrade fully complies with SEBA’s requirement to provide the highest standard of crypto technology. smartTrade will deliver a solution which encompasses connectivity to a large number of liquidity venues, aggregation and execution, as well as Smart Order Routing (SOR). Other functionalities such as pricing, distribution, risk, order management and analytics will be provided. In addition, smartTrade will supply SEBA with hosting and collocation services, which have already passed strict security and the most strenuous independent testing (SOC2 Type 2).
David Vincent, CEO of smartTrade, said “We are thrilled to be involved in what we think is a major financial industry turning point by providing the trading platform for SEBA. We fully embrace SEBA’s vision that Blockchain, the technology underpinning Bitcoin and other crypto assets, is the catalyst for the Fourth Industrial Revolution. Blockchain is already a technology delivering impact and reshaping the financial world. We are proud to be part of this amazing endeavor. Since its inception, smartTrade took the strategic decision to develop a truly multi-asset-class trading technology which is a real advantage when working on this kind of innovative project.”
Guido Bühler, CEO of SEBA, concludes: “SEBA is a new financial services offering committed to security, transparency and performance. We are building our infrastructure from the ground up, hence partnerships with world class technology providers such as smartTrade are core to our ambition to be one of the first fully regulated and supervised Swiss crypto banks. Together, we intend to deliver a military grade, secure traditional and crypto banking experience for the new economy.”