Swiss crypto bank SEBA Bank has expanded its presence in Asia Pacific with a Hong Kong office for its subsidiary SEBA Hong Kong.
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.
According to Franz Bergmueller, CEO of SEBA Bank, Hong Kong has cemented its position as a global leader in cryptocurrencies through its supportive regulatory approach to 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,” says Bergmueller.
Shum also 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/digital assets space in Hong Kong and the region.”
Founded in April 2018 and headquartered in Zug, 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. Client assets are held securely in segregated accounts, off the balance sheet, ensuring that assets are always available for client withdrawal.
In February 2022, SEBA Bank also opened an office in Abu Dhabi. It followed permission from Abu Dhabi Global Market‘s (ADGM) Financial Services Regulatory Authority (FSRA).