SEBA To Selects SmartTrade To Build Crypto And Traditional Assets Trading Platform

News | October 4, 2018 By:

Switzerland-based startup SEBA Crypto AG has selected multi-asset electronic trading firm smartTrade to build its cryptocurrency and traditional assets trading platform.

Based in the Crypto Valley Zug, SEBA Crypto is building a gateway that facilitates movement of assets between the crypto and traditional financial markets for major financial investors. It seeks to become the world’s first licensed and supervised universal crypto bank, offering transaction banking services for accounts denominated in both crypto and fiat, custody services, trading & liquidity management, asset & investment management, and full range of crypto corporate finance services. It recently raised $103 million to fund the development of the platform.

SmartTrade provides agile end-to-end trading solutions supporting foreign exchange, fixed income, equities and derivatives asset classes with connectivity to over 100 liquidity providers, aggregation, smart order routing, order management, pricing, distribution, risk management capabilities and a HTML5 user interface. The company works with a variety of clients ranging from banks, brokers and hedge funds to proprietary trading desks.

SmartTrade said it will be providing a range of technology to SEBA, 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 also be provided. In addition, smartTrade will supply SEBA with hosting and collocation services.

David Vincent, CEO of smartTrade, said that they fully embrace SEBA’s vision that blockchain is the catalyst for the Fourth Industrial Revolution.

“Blockchain is already a technology delivering impact and reshaping the financial world,” Vincent said. “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, said that his company is building its infrastructure from the ground up, hence partnerships with technology providers such as smartTrade are core to their 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,” Bühler said.