HashKey Digital Property Group and SEBA Financial institution‘s new partnership has its sights set on accelerating the institutional adoption of digital belongings in Hong Kong and Switzerland.
HashKey and SEBA Financial institution are leveraging one another’s digital asset service choices and custody and asset administration merchandise to speed up the institutional adoption of digital belongings in Hong Kong and Switzerland.
The group is to behave as SEBA Financial institution’s digital asset buying and selling and market growth associate in its native Hong Kong. Likewise, SEBA Financial institution would be the banking associate of alternative for HashKey in its house market of Switzerland.
This setup seeks to launch avenues for institutional traders who’re searching for publicity within the digital asset ecosystem.
The partnership adheres to the regulatory frameworks of their respective jurisdictions with compliance, know-your-customer (KYC) and anti-money laundering (AML) insurance policies.
SEBA Financial institution
SEBA Financial institution is a Swiss crypto financial institution. Its banking and funding providers embody buying and selling, structured merchandise, financial institution accounts, credit score, custody and staking.
By partnering with HashKey, SEBA Financial institution will strengthen its providing to its institutional purchasers and companions. Its outreach to Hong Kong seeks to enhance its present licenses and branches in Switzerland and Abu Dhabi. Simply final month, the financial institution established a Hong Kong workplace to help in its regional growth.
“With a supportive regulatory framework, Hong Kong is a number one jurisdiction globally within the licensing provision of crypto services and products,” says Franz Bergmueller, group CEO of SEBA Financial institution.
“It’s vital that the SEBA group turns into a part of this ecosystem as a counterparty on this regulated crypto atmosphere,” he continues. “HashKey will play an vital position in increasing our community within the area.”
The group serves as an end-to-end digital asset monetary providers group in Asia. By its subsidiary Hash Blockchain Restricted (HBL), it was not too long ago granted approval from the Securities and Futures Fee (SFC) of Hong Kong. This approval permits it to function its digital asset buying and selling platform.
It’s the second firm in Hong Kong licensed to supply regulated automated buying and selling providers for skilled traders for digital belongings.
HashKey’s digital asset buying and selling platform, ‘HashKey PRO’, secures shopper asset safety in accordance with the SFC regulatory framework.
The platform segregates shopper belongings and holds them in custody by way of HashKey Custody Providers Restricted.
Michel Lee, govt president at HashKey Group, describes the group’s “regulatory-first” strategy when defending purchasers’ funds and belongings. Lee says that its new associate “shares the identical ethos and core rules with us on regulatory compliance.”
“Merging HashKey’s ecosystem of digital asset providers together with SEBA Financial institution’s digital banking and finance infrastructure will enable us to supply our purchasers a gateway into the brand new digital financial system,” Lee concludes.