SEBA Bank said that it formed a partnership with the financial services firm HashKey Group to accelerate the institutional adoption of digital assets in Hong Kong and Switzerland.
The two firms will aim to create various solutions for institutional investors seeking to dive into the crypto ecosystem. Both companies said that they are dedicated to compliance and embracing various regulatory frameworks within their jurisdictions.
SEBA Bank CEO Franz Bergmueller said that Hong Kong is a leading jurisdiction in terms of providing licensing for crypto products and services. Because of this, SEBA Bank is eager to enter the local digital asset ecosystem and extend its presence within the country through HashKey.
Michel Lee, an executive at HashKey, highlighted that his firm is working under a regulatory-first approach, meaning it’s focused on compliance. Lee noted that SEBA Bank is operating on the same principles.
HashKey Group recently received licenses from the Securities and Futures Commission in Hong Kong to operate within the country. Meanwhile, SEBA Bank was the first to be granted a digital asset custody license in Switzerland, allowing it to facilitate institutional custody services, back in 2021.
