SEBA Bank AG, which claims to be a leading crypto bank in Switzerland having a suite of fully regulated banking services, officially opened its Hong Kong office for its subsidiary, SEBA (Hong Kong) Limited (SEBA Hong Kong).
SEBA Bank says that it has “a strong conviction for Hong Kong to become its first strategic location in APAC through its subsidiary.”
With the growing demand in APAC for crypto, Hong Kong has “a supportive crypto licensing framework that provides a valuable base to capture the business potential in the region.” SEBA Hong Kong’s initial activities will “focus on consultancy services and market research, as well as engaging strategic partners for its head office in Switzerland.”
Franz Bergmueller, CEO of SEBA Bank, commented:
“We are proud to strengthen our presence in the APAC market with the opening of the new office of SEBA Hong Kong. With a considerable pedigree as an international financial centre, as well as a supportive regulatory approach to cryptocurrencies, Hong Kong is cementing its position as a global leader in cryptocurrencies. This office, and our deeply talented SEBA Hong Kong executive team, led by our managing director Ludovic Shum, provides a valuable strategic base that will enable us to cater effectively to the rapidly growing demand for crypto in the APAC region.”
SEBA Bank claims it is “a leading crypto bank.”
From its global headquarter in Switzerland, SEBA Bank provides “a suite of fully regulated banking and investment services, including trading, structured products, bank accounts, cards, credit, staking, and crypto and NFT custody.”
SEBA Bank’s stringent security and deposit protection policy reportedly “make it a secure, transparent and trusted crypto custodian in Switzerland.”
Client assets are “held securely in segregated accounts, off the balance sheet, ensuring that assets are always available for client withdrawal.”
Ludovic Shum, Managing Director at SEBA Hong Kong, commented:
“The opening of our Hong Kong office is critical to our ambition in the region. By strengthening our presence in a key international financial centre, we are proud to form part of the crypto ecosystem and to contribute towards the development of the virtual/digital assets space in Hong Kong and the region.”
Founded in April 2018 and headquartered in Zug, SEBA Bank claims it is “a leading crypto bank in Switzerland having a suite of fully regulated banking services.”
In August 2019, SEBA Bank received “a Swiss banking and securities dealer licence, and in September 2021 the CISA licence – the first time a reputed, regulatory authority such as FINMA has granted such licences to a financial services provider with a core capability in digital assets.”
In February 2022 SEBA Bank “secured the Financial Services Permission from Abu Dhabi Global Market and opened an office in Abu Dhabi.”
The broad, “vertically integrated spectrum of services combined with the highest security standards, make SEBA Bank’s value proposition unique – this is why Banque de France selected SEBA Bank to test the integration of Central Bank Digital Currency (CBDC).”