SFC grants SEBA HK full license for crypto-related services
SEBA can now deal in and distribute securities in Hong Kong.
Swiss crypto bank SEBA has received full licenses for crypto-related services from the Securities and Futures Commission (SFC), marking its first regulated footprint in Asia-Pacific.
The license permits SEBA Hong Kong to conduct regulated activities in Hong Kong to deal in and distribute all securities, including distributing OTC derivatives and structured products with underlying virtual assets, advising on securities and virtual assets, and conducting asset management for discretionary accounts in both traditional securities and virtual assets.
Institutional and professional investors can now avail of SEBA Hong Kong’s licensed services.
“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)," Franz Bergmueller, Group CEO, SEBA Bank said.