SEBA Bank and HashKey Collaborate to Promote Institutional Crypto Adoption
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SEBA Bank Collaboration With HashKey
According to the statement, the financial services business, HashKey Group, and the cryptocurrency-focused SEBA Bank have partnered to hasten the institutional acceptance of digital assets in Hong Kong and Switzerland.
The two businesses will work to develop a range of options for institutional investors looking to enter the cryptocurrency market. According to both companies, they are committed to following the law and adopting all applicable regulatory systems.
Hong Kong - Top Jurisdiction for Crypto Licenses
According to SEBA Bank CEO Franz Bergmueller, Hong Kong is a prominent jurisdiction for granting cryptocurrency product and service licenses. As a result, the cryptocurrency-focused bank is keen to adopt HashKey to expand its footprint in the nation and join the local digital asset ecosystem.
HashKey chief Michel Lee emphasized that the company takes a strategy, implying compliance is its first concern. Lee stated they are enthusiastic about the relationship because the cryptocurrency-focused bank operates under similar ideals. The Securities and Futures Commission (SFC) in Hong Kong has granted licenses to HashKey Group to conduct business there. Contrarily, the SEBA Bank was the first to receive a digital asset custody license in Switzerland, enabling it to offer institutional custodial services back in 2021.