The collaboration aims to bring various solutions for institutional investors to join the digital asset ecosystem.
SEBA Bank, a Switzerland-based crypto bank established in 2018, has partnered with an end-to-end digital asset financial services group, HashKey, to accelerate institutional crypto adoption in Hong Kong and Switzerland.
According to the press release shared by SEBA Bank, both companies signed a Memorandum of Understanding (MOU), making HashKey SEBA Bank’s “digital asset trading and market development partner in Hong Kong.” SEBA Bank will be HashKey’s “banking partner” in Switzerland.
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The partnership seeks to introduce various solutions for institutional and professional investors aiming to enter the digital asset ecosystem.
On top of that, SEBA Bank and HashKey are determined to comply with all regulatory frameworks, including “Know-Your-Customer and Anti-Money-Laundering policies and measures.”
When talking about the collaboration, SEBA Bank Group CEO Franz Bergmueller stated:
We’re proud to partner with HashKey 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.
Moreover, Franz Bergmueller claims that Hong Kong is a “leading jurisdiction globally in the licensing provision of crypto products and services.” Therefore, SEBA is eager to expand its presence in Hong Kong through HashKey.
On top of that, HashKey Group Executive President Michel Lee noted:
We are excited to form this strategic partnership with SEBA Bank, a pioneer in the global digital investment market and one of the most innovative financial institutions in the world, who also shares the same ethos and core principles with us on regulatory compliance.
Back in November, HashKey Group received a license from the Securities and Futures Commission in Hong Kong, allowing it to operate in the country. Whereas SEBA Bank received a digital asset custody license in Switzerland in 2021.