Crypto Bank SEBA Gets Nod to Advise on Virtual Assets in HK
- SEBA unit gets in principle approval from Hong Kong’s SFC
- Firm joins growing number of companies getting nod in HK
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SEBA Bank AG, a crypto bank backed by Julius Baer Group Ltd., has received in-principle approval from Hong Kong’s regulator to conduct licensed crypto related services.
Once full approval comes through, SEBA Hong Kong will be able to deal in securities including virtual asset-related over-the-counter derivatives and structured products. It will also be able to provide advice on securities and crypto and conduct asset management for discretionary accounts in both traditional and virtual assets.