Hong Kong – 8 November 2023 – SEBA Bank AG (SEBA Bank), a fully licensed Swiss crypto bank providing a comprehensive suite of financial solutions for the digital age in staking, lending, custody, investment, trading, banking and deposit in Switzerland, has today announced that its wholly owned subsidiary SEBA (Hong Kong) Limited (SEBA Hong Kong) has received a licence from the Securities and Futures Commission (SFC). The SEBA Group has now established its first regulated footprint in APAC in line with its strategic vision.
This licence permits SEBA Hong Kong to conduct regulated activities in Hong Kong to deal in and distribute all securities, including virtual assets-related products, such as OTC derivatives and structured products with underlying virtual assets; advise on securities and virtual assets; and conduct asset management for discretionary accounts in both traditional securities and virtual assets. Institutional and professional investors, including corporate treasuries, funds, family offices and high-net-worth individuals, can begin availing of SEBA Hong Kong’s licensed services from today.
Amy Yu, CEO APAC, SEBA Hong Kong, commented: “Our experience with the SFC has been extremely positive and it provided a facilitating environment throughout the licensing process. The region’s position at the forefront of finance, trading, and innovation has long been attractive to us, as servicing APAC clientele is an integral aspiration of the team’s DNA. We are tremendously excited by Hong Kong’s deep-rooted capital markets and appetite for investment and trading; to have secured this licence from the SFC provides enormous potential for our business, owing to the well-established and defined regulatory framework that is present here.”
The granting of this official licence marks a significant leap forward in the SEBA Group’s mission to secure the future of the global crypto economy. This, in turn, validates SEBA Hong Kong’s position in the market as a trusted and regulated partner in APAC, being on the ground providing investment and advisory services for investors with the security and customer experience that accompanies a regulated institution.
Franz Bergmueller, Group CEO, SEBA Bank, added: “Hong Kong has been at the centre of the crypto economy since Bitcoin’s inception, and we are very pleased to have added this Hong Kong licence with the full approval from the SFC to our existing licences in Switzerland (FINMA) and Abu Dhabi (FSRA). This regulatory clarity not only benefits our business but also supplements Hong Kong’s status as a global financial services hub, home to a multitude of market leaders in banking, asset management, and capital markets. The region’s robust legal system provides a solid foundation to conduct crypto-related services and we look forward to beginning that from today.”
The SEBA Group continues to monitor closely the wider regulatory landscape and will work in collaboration with regulators across the globe to identify further opportunities for growth. Most importantly, this SFC licence means that the SEBA Group operates globally from its regulated hubs of Switzerland, Abu Dhabi and Hong Kong.
This document is for information only and is not intended as an offer, or a solicitation of an offer, to buy or sell any investment or other specific product/service. SEBA Bank is not licensed to conduct banking and financial activities in Hong Kong nor is SEBA Bank supervised by banking and financial authorities in Hong Kong.