Deals & Cases
MLL advised Julius Baer on its Series C investment in SEBA Bank
MLL advised SIX listed Julius Baer Group Ltd on its Series C investment in digital assets banking platform SEBA Bank AG.
Julius Baer is the leading Swiss wealth management group and a premium brand in this global sector, with a focus on servicing and advising sophisticated private clients. Its shares are listed on the SIX Swiss Exchange and are included in the Swiss Leader Index (SLI). 2019, Julius Baer entered into a partnership with SEBA to take advantage of the latter’s innovative platform and capabilities in order to provide Julius Baer’s clients with leading-edge solutions in the area of digital assets to meet an increasing demand.
SEBA Bank is a fully integrated, FINMA licensed digital assets banking platform which raised CHF 110 million in its Series C financing round. The round was co-led by a consortium of specialized blockchain and fintech investors, including Altive, Ordway Selections, Summer Capital as well as DeFi Technologies, a NEO listed leader in decentralized finance.
MLL advised Julius Baer on all legal aspects of the transaction, including the negotiation of the investment agreement and of all other transaction documents as well as on all DLT-related regulatory matters. The team was led by Alexander Vogel (senior partner/co-head corporate/M&A/capital markets) and included Christian Rebell (partner corporate/M&A), Michael Reinle (partner ICT) and Reto Luthiger (counsel regulatory/crypto).
