Swiss cryptocurrency bank SEBA to implement series B sharing as security tokens

According to Finextra, Swiss crypto-bank SEBA will announce Series B shares to shareholders as security tokens on the blockchain. In the past, Switzerland adopted the new Distributed Ledger Technology (DLT) certification of tokenized products as an asset class that can be legally traded on the blockchain. SEBA says it will symbolize Series B finance stocks once the policy goes into effect. Competitive tokens are fully protected by DLT legislation and must be placed in the SEBA digital regulatory environment controlled by the Federal Financial Market Supervisory Authority (FINMA). SEBA also said that these tokens comply with the ERC20 Ethereum protocol and are "designed to enable seamless industry integration and future international recognition of digital marketing products."