SEBA Bank Granted Licence by Hong Kong SFC

SEBA Bank AG (SEBA Bank), a fully licensed Swiss crypto bank providing a comprehensive suite of financial solutions in staking, lending, custody, investment, trading, banking and deposit in Switzerland, has today (November 8, 2023) 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.

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.

Franz Bergmueller, Group CEO, SEBA Bank, said, "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 states that it continues to monitor closely the wider regulatory landscape and will work in collaboration with regulators across the globe to identify further opportunities for growth.