Zug/Hong Kong - The crypto bank SEBA and its Hong Kong-based counterpart HashKey have agreed a strategic partnership under which digital asset services and infrastructures will be brought together. Moreover, the new partnership is also targeting an acceleration in the institutional adoption of digital assets in both Hong Kong and Switzerland.

The Zug-based SEBA Bank and the HashKey Digital Asset Group have entered into a strategic partnership. As such, HashKey will become SEBA Bank’s preferred digital asset trading and market development partner in Hong Kong. In return, SEBA Bank is now the banking partner of choice for HashKey in Switzerland. Both companies have also committed to upholding the highest regulatory standards pursuant to the frameworks in place in the respective partner’s jurisdiction, further details of which can be found in a press release.

Through its subsidiary Hash Blockchain Limited, the HashKey Group recently received approval to operate a virtual asset trading platform. This makes it the second Hong Kong company to hold a license of this kind. According to the information in the press release, SEBA Bank is seeking to strengthen its range of services for institutional clients and partners in addition to consolidating its position as the world’s leading crypto bank through its partnership with HashKey.

Franz Bergmüller, CEO of SEBA Bank, believes it is important for his company to form part of the ecosystem in Hong Kong’s regulated crypto environment: “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”, he concludes in the press release.

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