TechFlow reports that Swiss crypto bank SEBA Bank has obtained a license from Hong Kong's Securities and Futures Commission, allowing its subsidiary to operate cryptocurrency-related services in Hong Kong.
In a statement today, SEBA said the license permits SEBA Hong Kong to trade and distribute all securities, including virtual asset-related products such as over-the-counter derivatives and structured products backed by underlying virtual assets.
The crypto bank can also provide advisory services on securities and virtual assets, and conduct asset management for discretionary accounts covering both traditional securities and virtual assets.
"The region’s long-standing position at the forefront of finance, trade, and innovation has always been attractive to us, and serving clients across Asia-Pacific has been an essential ambition for our team," said Amy Yu, CEO of SEBA Asia-Pacific, in the statement.
