Hong Kong's SEBA Bank Wins Approval to Offer Crypto Services, Pioneering a New Era for Digital Assets

The Hong Kong arm of Swiss cryptocurrency-focused SEBA Bank has received a licence from the Securities and Futures Commission (SFC) to offer crypto-related services. This marks a significant milestone as SEBA (Hong Kong) Limited (SEBA Hong Kong) is set to become the first licensed corporation in Hong Kong with crypto capabilities backed by a Swiss crypto bank.

Crypto-friendly Swiss-based SEBA Bank has successfully obtained an approval-in-principle (AIP) from the Securities and Futures Commission (SFC) in Hong Kong. Seba, a crypto bank based in Switzerland, said it won approval-in-principle (AIP) from Hong Kong's Securities and Futures Commission (SFC) for its regional subsidiary.

Swiss-based SEBA bank has reportedly obtained conditional approval from Hong Kong’s security regulator to offer crypto services within the region. Once fully approved, SEBA Bank has announced that this new license will permit its Hong Kong branch to offer a variety of crypto offerings, which includes over-the-counter derivatives. The Hong Kong arm of Swiss crypto-focused SEBA Bank is aiming to become one of the first licensed companies in the city to “conduct investment services with digital assets.”

This approval signifies Hong Kong's growing embrace of digital assets and positions SEBA Bank at the forefront of the crypto revolution within the region. Stay tuned for more updates as SEBA Hong Kong prepares to launch its comprehensive suite of crypto investment services.