SEBA Bank's Hong Kong Subsidiary Granted Securities and Futures Commission Licence

Published 5 months ago

SEBA Bank, the fully licensed Swiss crypto bank, has announced that its wholly owned subsidiary, SEBA Hong Kong, has been granted a licence from the Securities and Futures Commission (SFC). The move marks SEBA Bank’s initial regulated establishment in the Asia-Pacific (APAC) region aligning with its strategic vision.

SEBA Hong Kong’s Newly Acquired Licence

The licence enables SEBA Hong Kong to administer regulated activities in Hong Kong. This includes dealing in and distributing all securities, presenting virtual assets-related products, such as over-the-counter derivatives and structured products with underlying virtual assets, advising on securities and virtual assets, and conducting asset management for discretionary accounts in traditional securities and virtual assets.

From today, institutional and professional investors including corporate treasuries, funds, family offices and high-net-worth individuals can start to utilise SEBA Hong Kong’s licensed services.

Amy Yu, CEO APAC, SEBA Hong Kong, expressed excitement about the region’s deep-rooted capital markets and investment propensity. Yu highlighted that securing the licence from the SFC presents substantial potential for their business, given the region’s well-defined regulatory framework.

Reinforcing SEBA’s Global Crypto Economy Presence

The acquisition of the official licence signifies a significant advancement in SEBA Group’s mission to fortify the future of the global crypto economy. It also endorses SEBA Hong Kong’s market position as a trusted and regulated partner in APAC, offering investment and advisory services for investors under the assurance of a regulated institution.

Franz Bergmueller, Group CEO, SEBA Bank, underscored that the regulatory clarity not only benefits their business but also bolsters Hong Kong’s status as a global financial services hub. Bergmueller noted that the region’s robust legal system provides a solid foundation for conducting crypto-related services.

SEBA Group continues to closely observe the broader regulatory landscape and will cooperate with regulators worldwide to pinpoint further growth opportunities. This SFC licence means that the SEBA Group operates globally from its regulated hubs of Switzerland, Abu Dhabi and Hong Kong.

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