Swiss cryptocurrency bank SEBA strengthens foothold in Asia-Pacific region and reinforces Hong Kong's financial hub status
SEBA Bank, a Swiss-based cryptocurrency bank, has recently made significant strides in expanding its global presence. The bank's subsidiary, SEBA Hong Kong Limited, has been granted a license by Hong Kong's Securities and Futures Commission (SFC) to operate crypto-related services in the city. This development marks a significant milestone for SEBA Bank, strengthening its foothold in the Asia-Pacific region and reinforcing Hong Kong's status as a global financial services hub.
The license obtained by SEBA Hong Kong allows the bank to deal in and distribute all securities, including virtual assets-related products. Additionally, the bank can now advise on securities and virtual assets and conduct asset management for discretionary accounts in both traditional securities and virtual assets. This expansion of services is a significant step forward for SEBA Group, as it secures the future of the global crypto economy.
SEBA Bank had previously expanded into Hong Kong last year and currently operates globally from its regulated hubs in Switzerland, Abu Dhabi, and Hong Kong. The recent license acquisition further solidifies SEBA's presence in the region, marking its first regulated footprint in the Asia-Pacific region.
With the newly acquired license, SEBA's services are now available for a wider range of clients. This includes institutional and professional investors, corporate treasuries, funds, family offices, and high-net-worth individuals. The expansion of services is expected to attract more clients, contributing to the growth and development of the global crypto economy.
SEBA Bank's recent license acquisition in Hong Kong is a significant development in the global crypto economy. It not only strengthens SEBA's presence in the Asia-Pacific region but also reinforces Hong Kong's status as a global financial services hub. As the bank continues to expand its services, it is expected to play a crucial role in shaping the future of the global crypto economy.