SEBA, a global crypto bank, has received a license in Hong Kong allowing it to trade securities, over-the-counter derivatives and virtual asset products.
SEBA can now provide financial advice and asset management for brokerage accounts in both conventional securities and cryptocurrencies.
The expansion in Hong Kong comes after local authorities announced their readiness to cooperate with companies specializing in digital assets.
SEBA already operates in Switzerland and Abu Dhabi, having permission to hold client crypto assets from the Swiss Financial Market Supervisory Authority (FINMA) and a license to operate in Abu Dhabi.
Receiving full SFC approval in Hong Kong will enable SEBA to continue to expand its regulated activities.