HashKey Digital Asset Group (“HashKey” or “The Group”) and SEBA Bank AG (“SEBA Bank”) have today announced a new strategic partnership that will see both financial services groups leverage their digital asset service offerings as well as custody and asset management products to accelerate the institutional adoption of digital assets in Hong Kong and in Switzerland.
The strategic partnership, formalized through a Memorandum of Understanding (MOU), will see HashKey become SEBA Bank’s preferred digital asset trading and market development partner in Hong Kong, while SEBA Bank will be the banking partner of choice for HashKey in Switzerland. Together, HashKey and SEBA Bank will endeavor to bring to market reliable and differentiated solutions and avenues for institutional and professional investors who are seeking to take exposure in the digital asset ecosystem. The two groups are also committed to complying with and embracing the regulatory frameworks of their respective jurisdictions with the highest standards of compliance, Know-Your-Customer, and Anti-Money Laundering policies and measures.
SEBA Bank is a leading crypto bank in Switzerland having a suite of fully regulated banking and investment services including trading, structured products, bank accounts, credit, custody, and staking. By partnering with HashKey, SEBA Bank will strengthen its offering to its institutional clients and partners and solidify its position as a global crypto banking leader, complementing its existing licenses and branches in Switzerland and Abu Dhabi.
HashKey Group, through its subsidiary Hash Blockchain Limited (“HBL”), was recently granted approval from the Securities and Futures Commission (“SFC”) of Hong Kong to operate a virtual asset trading platform, becoming only the second company in Hong Kong licensed to provide regulated automated trading services for professional investors in respect of virtual assets. In accordance with the regulatory framework set out by the SFC, HashKey’s virtual asset trading platform, named HashKey PRO, is built to ensure the highest level of client asset protection, in which client assets are segregated and held in custody by HashKey Custody Services Limited, a holder of a Trust or Company Service Provider license in Hong Kong.
Group CEO of SEBA Bank, commented, “With a supportive regulatory framework, Hong Kong is a leading jurisdiction globally in the licensing provision of crypto products and services. It is important that the SEBA group becomes part of this ecosystem as a trusted, secure and transparent counterparty in this regulated crypto environment. We’re proud to partner with a Hash key to establish and strengthen our presence in this critical market. As a leading provider of digital asset financial services in the Asian markets, HashKey will play an important role in expanding our presence and network in the region.”Source: Yahoo Finance