SEBA Bank AG, the Swiss crypto banking powerhouse, is making waves as its subsidiary, SEBA (Hong Kong) Limited, clinches a coveted license from the Securities and Futures Commission (SFC). This green light empowers SEBA Hong Kong to dive headfirst into regulated activities, including dealing in all securities and virtual assets-related products, offering expert advice on securities and virtual assets, and conducting asset management for discretionary accounts.
Amy Yu, the unstoppable CEO APAC of SEBA Hong Kong, can barely contain her excitement as she praises the SFC for providing a facilitating environment throughout the licensing process. She's all fired up about the endless possibilities in Hong Kong's capital markets and their commitment to serving APAC clientele.
Franz Bergmueller, the visionary Group CEO of SEBA Bank, highlights the monumental regulatory clarity provided by the SFC license. He lauds Hong Kong's significant role in the crypto economy and emphasizes the importance of SEBA Hong Kong as a trusted and regulated partner in APAC.
Franz Bergmueller, Group CEO, SEBA Bank, stated: "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's relentless pursuit of a regulated global crypto economy is gaining momentum. This milestone marks a thrilling leap forward and adds a sparkling feather to Hong Kong's cap as a crypto financial services hub.