Switzerland-based cryptocurrency bank SEBA Bank has received a license from the Securities and Futures Commission in Hong Kong.
According to the statement made by SEBA, the company received its license in Hong Kong. Including products related to cryptocurrencies may be used to provide services for securities.
These will also include OTC derivatives and structured products using cryptocurrencies as underlying assets.
The Zug-based cryptocurrency bank will be able to provide consultancy on securities and crypto assets and provide asset management services for both traditional securities and crypto assets through special accounts.
Amy Yu, SEBA’s Asia Pacific CEO, said: “Serving customers in Asia Pacific is written in our team’s DNA, so we have always been attracted to this region’s leading position in finance, trade and innovation.” said.
SEBA Bank opened an office there following the political statements made by the authorities in Hong Kong regarding cryptocurrencies last year.
The bank operates globally through Abu Dhabi, as well as in Switzerland and Hong Kong.