Crypto Bank SEBA Allowed to Offer Crypto Services in Hong Kong

Swiss crypto bank, SEBA Bank, has obtained a license from the Hong Kong Securities and Futures Commission for its subsidiary to offer crypto-related services in the city.

The license allows SEBA Hong Kong to deal in and distribute all securities, including virtual asset-related products such as OTC derivatives and structured products with underlying virtual assets.

The bank is also permitted to provide advising and asset management services for traditional securities and virtual assets.

According to SEBA’s chief executive officer, Amy Yu, the region’s position as a leader in finance, trading, and innovation was a major factor in the bank’s decision to expand into Hong Kong.

The bank already operates globally from its regulated hubs in Switzerland, Abu Dhabi, and now Hong Kong.