SEBA Bank Opened A New Office In Hong Kong
SEBA Bank, a Swiss crypto bank, has launched a new Hong Kong office for its affiliate, SEBA Hong Kong.
The bank stated on Wednesday that the Hong Kong office would act as a base for SEBA’s APAC development plans.
The new office will be managed by Ludovic Shum, managing director of SEBA Hong Kong. Shum has previously worked for Credit Suisse, HSBC, Merrill Lynch, and the Securities and Futures Commission (SFC), Hong Kong’s financial regulator.
SEBA Hong Kong intends to focus on market research and consulting services. Its Swiss offices offer regulated banking and investment services such as trading, structured products, bank accounts, cards, credit, staking, and crypto and NFT custody.
SEBA Bank provides a variety of banking and financial services and keeps customer assets off the balance sheets in segregated accounts, making them available for withdrawal by clients. It has also collaborated with the Banque de France to conduct CBDC integration testing.
Hong Kong aims to widen the spectrum of crypto assets available in the city, as well as research methods to open up the crypto market to private investors. The city has launched attempts to re-establish itself as a crypto center, while competitor Singapore appears to be turning toward more regulation.
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