Swiss crypto bank SEBA Bank has opened a new Hong Kong office for its subsidiary, SEBA Hong Kong.
SEBA Bank offers a range of banking and investment services, and holds client assets off the balance sheets in segregated accounts so as to keep them accessible for clients to withdraw. It has also participated with Banque de France to run CBDC integration tests.
Hong Kong, the bank’s first APAC location, offers a supportive crypto licensing framework. In response to a growing crypto demand in the region, SEBA Hong Kong will initially provide consultancy services and enact market research, while onboarding strategic partners for its head office.
This announcement follows SEBA Bank’s opening of an Abu Dhabi office in February 2022.
Franz Bergmueller, CEO of SEBA Bank, says: “With a supportive regulatory approach, Hong Kong is cementing its position as a global leader in cryptocurrencies. This office provides a valuable strategic base that will enable us to cater effectively to the rapidly growing demand for crypto in the APAC region.”
Kodovic Shum, managing director of SEBA Hong Kong, adds: “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 and digital assets space in Hong Kong and the region.”
