SEBA Bank, a Swiss crypto bank, announced the opening of a Hong Kong office on Wednesday to serve global institutional clients as part of its Asia-Pacific expansion.
SEBA’s Hong Kong office will provide consultancy services and market research, as well as seek strategic partners for its head office in Zug, Switzerland, according to a press release from the Swiss-licensed crypto bank.
Hong Kong is cementing its position as a global leader in cryptocurrencies, because of its significant pedigree as an international financial center, as well as an innovative and progressive regulatory approach to cryptocurrencies, according to Franz Bergmueller, CEO of SEBA Bank.
Despite the recent FTX fiasco, Hong Kong rolled out the welcome mat for the crypto industry at its annual fintech gathering in October, and maintained its stance on digital assets.
In January, SEBA Bank closed a $116 million Series-C round, and in February, it opened its first overseas office in Abu Dhabi.