SEBA Bank strategically enters APAC with a new SFC licence for its Hong Kong subsidiary, expanding its financial services.

The Securities and Futures Commission (SFC) has granted a licence to SEBA Bank AG (SEBA Bank), a fully licenced Swiss cryptocurrency bank, for its wholly owned subsidiary SEBA (Hong Kong) Limited (SEBA Hong Kong).

In keeping with its strategic strategy, the SEBA Group has now created its first regulated foothold in APAC. Although SEBA Bank offers a range of digitally-friendly financial services in Switzerland, including staking, lending, custody, trading, investment, banking, and deposits, SEBA Hong Kong is now able to carry out regulated operations in Hong Kong thanks to the new licence.

With the licence, SEBA Hong Kong can deal in and distribute any securities, including goods pertaining to virtual assets. For instance, managing assets for discretionary accounts in both traditional securities and virtual assets, advising on securities and virtual assets, and offering OTC derivatives and structured products with underlying virtual assets. High-net-worth individuals, family offices, funds, corporate treasuries, and other institutional and professional investors can start utilising SEBA Hong Kong’s licenced services.

CEO APAC of SEBAHongKong Amy Yu said: “We have had nothing but great experiences with the SFC. It offered a supportive atmosphere all through the licencing procedure. Furthermore, we have always been drawn to the region’s leadership in trade, finance, and innovation because our team’s core goal is to serve APAC clients.

“We are extremely excited about Hong Kong’s robust capital markets and strong desire for trading and investment; having obtained this licence from the SFC offers our company a great deal of potential because of the clear and well-defined regulatory environment that exists here.”

Hong Kong

A reliable ally in Asia

The SEBA Group’s efforts to ensure the sustainability of the global cryptocurrency economy have advanced significantly with the issuance of this legal licence. In turn, this confirms SEBAHongKong’s standing as a reliable and regulated partner in the APAC market. As a regulated institution, it offers investors the security and client experience they expect when they engage in investing and advisory services.

The SEBA Group will continue to keep a careful eye on the larger regulatory environment and collaborate with regulators worldwide to find additional growth prospects. The SEBA Group can now operate globally from its regulated hubs in Switzerland, Abu Dhabi, and Hong Kong thanks to this SFC licence, which is the most significant development.

Since the beginning of Bitcoin, Hong Kong has been at the epicentre of the cryptocurrency economy, according to Franz Bergmueller, group CEO of SEBA Bank.

In addition to helping our company, this legal clarity enhances Hong Kong’s standing as a major hub for global financial services, housing numerous industry leaders in capital markets, asset management, and banking. The strong legal framework in the area offers a strong basis for providing services linked to cryptocurrencies, and we are eager to start doing so right now.

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