Hong Kong's SEBA bank advances crypto services with a regulatory nod, expanding amid growing market demand
With a strong focus on crypto, Hong Kong-based SEBA Bank has achieved a significant milestone in its expansion endeavours and secured an in-principle approval from Hong Kong’s securities regulator. This accomplishment brings the bank one step closer to offering virtual asset services within the Asian financial hub.
SEBA announced that the Hong Kong Securities and Futures Commission (SFC) has granted an in-principle approval, setting the stage for issuing licences once specific conditions are met for final approval. These licences would empower SEBA to partake in securities dealing, including crypto-related structured products. Additionally, the bank would be positioned to provide advisory services on digital assets and traditional securities and manage them.