Seba Obtained Approval to Operate in Hong Kong

Switzerland’s leading crypto bank, Seba, has reached a milestone in its global expansion efforts with the approval of principle (AIP) by the Hong Kong Securities and Futures Commission (SFC) for its regional subsidiary. This strategic move demonstrates Seba’s determination to expand its international footprint and maintain a presence in one of Asia’s foremost financial centers.

AIP marks the first stage in obtaining a full license that will enable Seba Hong Kong to engage in transactions involving crypto or virtual assets-related products and traditional securities. This step coincides with Hong Kong’s latest regulatory framework introduced in June 2023, which aims to attract businesses operating in the crypto and blockchain space to the region. Seba had previously obtained a license from Abu Dhabi Global Market in February 2022. Seba Group CEO Franz Bergmueller expressed the importance of this regulatory success:

Complementing Seba Group’s established licenses in Switzerland (FINMA) and Abu Dhabi (FSRA), Hong Kong AIP significantly expands our global regulatory footprint. Seba Group is aligned with the Hong Kong government and financial regulators to facilitate an environment that supports responsible growth of the digital assets industry.