SEBA and HashKey partner to expand crypto in Hong Kong and Switzerland

Rick Steves

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. 

Mind your Tweets! Hong Kong regulator takes a dim view of Twitter use for providing inside info

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.

Read this next

Retail FX

Weekly Roundup: Funded Trader closure, Coinbase adds Apple Pay

Welcome to this week’s roundup, where we delve into the latest developments in the Forex, Fintech, and cryptocurrency markets. Stay ahead of the curve with our comprehensive overview of the week’s most impactful events and trends across these dynamic sectors.

blockdag

Presale Rush: BlockDAG Outshines Furrever Token and DeeStream Presales with 20,000x ROI Potential, Raising Over $16.4M

Discover April 2024’s presale hits, as BlockDAG, Furrever Token, and DeeStream Presales battle it out. Which will explode in 2024?

Digital Assets

Shakeeb Ahmed gets three-year sentence for hacking Nirvana, Crema

A New York court has sentenced computer security engineer Shakeeb Ahmed to three years in prison for conducting flash loan attacks on decentralized cryptocurrency exchanges in 2022, marking the first-ever conviction for a breach involving smart contracts.

Digital Assets

TON Foundation teams up with HashKey on fiat access for Telegram Wallet

The TON Foundation, a collective of developers behind The Open Network (TON) blockchain, has entered into a strategic partnership with digital asset financial services firm HashKey Group.

blockdag

BlockDAG aka Kaspa’s Toughest Competitor Releases DAGpaper, Lightes Up The Las Vegas Sphere Pulling Shiba Inu Investors & Amassing $16.4M in Presale

BlockDAG, emerging as a Kaspa competitor, unveils its DAGpaper, spotlighting the Las Vegas Sphere and captivating Shiba Inu investors with a $16.4M presale success.

Fundamental Analysis

Global FX Market Summary: USD, ECB, Gold, Oil  April 12 ,2024

A strong US economy, cautious Fed policy compared to Europe, and safe-haven demand are all fueling the surge of the US Dollar.

Digital Assets

Thai crypto exchange Bitkub eyes $3 billion valuation

Thailand’s largest cryptocurrency exchange Bitkub is gearing up for a public offering next year with a potential valuation of up to $3 billion, according to Bitkub Capital Group CEO Jirayut Srupsrisopa.

Technical Analysis

GBPUSD Technical Analysis Report 12 April, 2024

GBPUSD currency pair can be expected to all further toward the next support level 1.2400, target price for the completion of the active minor impulse wave.

Market News

Navigating Currency Trends: Extensive Analysis on EUR/USD Signal

Traders Union provides comprehensive daily analysis and signals for EUR/USD.

<