Switzerland’s SEBA Bank launches an innovative investment product that takes advantage of bitcoin’s high volatility.The Dual Currency Certificate on BTC/USD offers easy entry into the cryptocurrency market and an attractive return.The potential loss associated with bitcoin is offset by a yield of 3.23% for a fixed three-week, 2 days term (annualized yield of 44.70%). The certificate is publicly distributed in Switzerland and is available in other countries as a private placement.
Zug, 24 June 2020–SEBA Bank has developed a Dual Currency Certificate in USD on BTC/USD. It is aimed at investors who wish to benefit from the high level of the cryptocurrency’s volatility. With this product, SEBA Bank is kicking off a strategic series of recurring structured products on digital assets. Investors’ need for security with regard to potential issuer risk is addressed through full collateralization of the issuing vehicle and a guarantee from SEBA Bank. Investors can conveniently purchase the product through their existing banking relationship during the subscription period from 24 June to 07 July 2020 at 10 a.m. CET.
Guido Bühler, CEO of SEBA Bank AG, says, “The launch of the Dual Currency Certificate on BTC/USD shows how traditional banking and crypto finance are converging. Investors benefit both from the stability of a fully-regulated Swiss bank and from the yield opportunities offered by the crypto markets.”
Stefan Schwitter, Head of Investment Solutions at SEBA Bank AG, adds “This is an ideal product for an entry into the world of digital assets with a simultaneous yield optimization.”
Further information on the Dual Currency Certificate are available at https://www.seba.swiss/financial-products/dual-currency-certificate