#APAC SEBA Bank AG (SEBA Bank) today announces that its wholly-owned subsidiary, SEBA (Hong Kong) Limited (SEBA Hong Kong), has been approved for a licence to conduct regulated activities in the APAC region.
This means that SEBA Hong Kong is now licensed to deal in and distribute securities, offer advice on securities and virtual assets, as well as conduct asset management services, including for virtual assets.
The licence, issued by the Securities and Futures Commission (SFC), solidifies the long-term provincial vision of SEBA Hong Kong to instead provide a comprehensive suite of financial solutions for the digital age, like staking, lending, custody, investment, trading, banking and deposit in Switzerland.
Amy Yu, CEO APAC, SEBA Hong Kong, stated: “Our experience with the SFC has been deeply gratifying, and they had an enabling stance throughout the licensing process. Hong Kong has alluring features for trading and innovation, which is why servicing APAC patrons is fundamental to our objectives. Possessing this licence from the SFC will create many possibilities for our corporate areas, due to the existence of robust regulatory standards here.”
The modern-day licence granting is a positive stepping stone in SEBA Group’s objective to render safety to the worldwide digital economic structure. Furthermore, it demonstrates SEBA Hong Kong’s rank as a dutiful and managed associate in APAC, giving contributors comfort from having regulated particulars and a prudent client experience.
Group CEO of SEBA Bank, Franz Bergmueller, made known: “Hong Kong has been described as a cardinal assembly of encircling the digital currency from the seasoning of Bitcoin, and so as a banking and asset corporation, we are joyful to actualize the SFC concession with commendations for SEBA Hong Kong. This defined supervisory vision, not only promotes expansive gains for our responsibilities, but endorses the situation of Hong Kong as a widespread financial assistance midpoint, proposing banking, asset development, and capital offer garners services.”
The SEBA Group remains distrustful about the regulatory coastlines and earning that SEBA Hong Kong now operates by both the Swiss Financial Market Supervisory Authority inSwitzerland, the Financial Services Regulatory Authority in Abu Dhabi, and Hong Kong’s SFC headline politeness of definitely meshed authorizations for influential rapid inventiveness.