Swiss crypto bank SEBA will look to establish its Asia Pacific presence by opening a new office in Hong Kong.
According to a statement, SEBA has officially opened its Hong Kong office, with managing director Ludovic Shum appointed to lead the city’s executive team.
The new office will serve to establish the crypto bank’s Asia Pacific presence and initial activities will include consultancy services, market research and engagement with strategic partners for the head office in Switzerland.
According to SEBA, the choice of Hong Kong as its «first strategic location in APAC» is driven by the city’s supportive licensing framework, with local authorities recently announcing ambitions to become a crypto hub.
We are proud to strengthen our presence in the APAC market with the opening of the new office of SEBA Hong Kong, said SEBA Bank CEO Franz Bergmueller. With a considerable pedigree as an international financial center and a supportive regulatory approach to cryptocurrencies, Hong Kong is cementing its position as a global leader in cryptocurrencies.
SEBA is a Zug-based crypto lender that provides services across trading, structured products, bank accounts, cards, credit, staking, and crypto and non-fungible token custody. Its backers include Swiss private bank Julius Baer.