Swiss crypto bank SEBA Bank announced on Wednesday the opening of its Hong Kong office to serve global institutional clients as part of its Asia-Pacific expansion.
See related article: Hong Kong said it remains upbeat on digital assets after FTX debacle
Fast facts
- SEBA’s Hong Kong office will provide consultancy services and market research, as well as engaging strategic partners for its head office in Zug, Switzerland, the Swiss-licensed crypto bank said in a press release shared with Forkast.
- “With considerable pedigree as an international financial center, as well as an innovative and progressive regulatory approach to cryptocurrencies, Hong Kong is cementing its position as a global leader on cryptocurrencies,” said Franz Bergmueller, CEO of SEBA Bank.
- Hong Kong rolled out the welcome mat for the crypto industry at its annual fintech gathering in October, and maintained its stance on digital assets despite the recent FTX fiasco damaging the industry’s reputation globally.
- SEBA Bank closed a US$116 million Series-C round in January, opened its first overseas office in Abu Dhabi in February.
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