SEBA Bank AG has announced a new strategic partnership with HashKey Digital Asset Group as part of both firm’s expansion efforts in Hong Kong SAR.
The move will see both financial services groups leverage their digital asset service offerings as well as custody and asset management products to accelerate the institutional adoption of digital assets in Hong Kong and in Switzerland.
The strategic partnership will see HashKey become SEBA Bank’s preferred digital asset trading and market development partner in Hong Kong, while SEBA Bank will be the banking partner of choice for HashKey in Switzerland.
Hong Kong is a leader in the licensing of crypto products and services
Franz Bergmueller, Group CEO of SEBA Bank, commented, “With a supportive regulatory framework, Hong Kong is a leading jurisdiction globally in the licensing provision of crypto products and services. It is important that the SEBA group becomes part of this ecosystem as a trusted, secure and transparent counterparty in this regulated crypto environment. We’re proud to partner with HashKey to establish and strengthen our presence in this critical market. As a leading provider of digital asset financial services in the Asian markets, HashKey will play an important role in expanding our presence and network in the region.”
Michel Lee, Executive President at HashKey Group, said, “Since our inception, HashKey has always prioritised the importance of protecting our clients’ funds and assets under a regulatory-first approach. We are excited to form this strategic partnership with SEBA Bank, a pioneer in the global digital investment market and one of the most innovative financial institutions in the world, who also shares the same ethos and core principles with us on regulatory compliance. Merging HashKey’s ecosystem of digital asset services along with SEBA Bank’s cutting-edge digital banking and finance infrastructure will allow us to offer to our clients the most secure and seamless gateway into the new digital economy.”
SEBA offers trading, banking, credit, custody, staking
HashKey and SEBA Bank will endeavor to bring to market reliable and differentiated solutions and avenues for institutional and professional investors who are seeking to take exposure in the digital asset ecosystem.
The two groups are also committed to complying with and embracing the regulatory frameworks of their respective jurisdictions with the highest standards of compliance, Know-Your-Customer and Anti-Money-Laundering policies and measures.
SEBA Bank is a leading crypto bank in Switzerland having a suite of fully regulated banking and investment services including trading, structured products, bank accounts, credit, custody and staking.
HashKey is authorized by the Hong Kong SFC
By partnering with HashKey, SEBA Bank will strengthen its offering to its institutional clients and partners and solidify its position as a global crypto banking leader, complementing its existing licences and branches in Switzerland and Abu Dhabi.
HashKey Group, through its subsidiary Hash Blockchain Limited (“HBL”), was recently granted approval from the Securities and Futures Commission (“SFC”) of Hong Kong to operate a virtual asset trading platform, becoming the second company in Hong Kong licensed to provide regulated automated trading services for professional investors in respect of virtual assets.
In accordance with the regulatory framework set out by the SFC, HashKey’s virtual asset trading platform, named HashKey PRO, is built to ensure the highest level of client asset protection, in which client assets are segregated and held in custody by HashKey Custody Services Limited, a holder of a Trust or Company Service Provider licence in Hong Kong.