The license allows SEBA to conduct regulated activities in Hong Kong including the dealing and distribution of all securities, including virtual assets-related products such as over-the-counter (OTC) derivatives.
SEBA Hong Kong’s licensed services are now available for institutional and professional investors, corporate treasuries, funds, family offices, and high-net-worth individuals, SEBA said.
“This regulatory clarity not only benefits our business but also supplements Hong Kong’s status as a global financial services hub,” said Franz Bergmueller, chief executive officer of SEBA Bank. “The region’s robust legal system provides a solid foundation to conduct crypto-related services and we look forward to beginning that from today.”
SEBA Group said this marks its first regulated footprint in the Asia-Pacific. The bank also operated regulated subsidiaries in Switzerland and Abu Dhabi.
SEBA Bank received in-principle approval from the SFC for virtual asset trading services in late August. The bank established its Hong Kong office in November 2022 as part of its APAC expansion.