SEBA Crypto Bank ventures into Hong Kong
On Wednesday, Switzerland -based SEBA Bank revealed the opening of a new Hong Kong office to serve global institutional clients. The said initiative is a part of the Crypto Bank ’s Asia-Pacific expansion. THE APAC region is currently an emerging market for cryptos. Hong Kong, as such, has a supportive crypto licensing framework that provides a “valuable base” to tap into the growing demand. Thus, it would help the bank encash the “business potential” in the region. As such, SEBA Hong Kong’s initial activities will focus on consultancy services and market research, as well as engaging strategic partners for its head office in Switzerland. Ludovic Shum, Managing Director at Seba Hong Kong, will oversee the new office. According to the executive’s LinkedIn profile, he previously worked for HSBC, Merrill Lynch, Credit Suisse, and Hong Kong’s financial regulator—The Securities and Futures Commission [SFC]. Why Hong Kong? Commenting on the latest development and elaborating on H