SEBA Bank, a cryptocurrency-focused company, announced a partnership with financial services firm HashKey Group to accelerate institutional adoption of digital assets in Hong Kong and Switzerland.
The two companies plan to develop a variety of solutions for institutional investors looking to enter the crypto ecosystem. Both companies stated that they are committed to compliance and the adoption of various regulatory frameworks within their respective jurisdictions.
According to SEBA Bank CEO Franz Bergmueller, Hong Kong is a leader in providing licencing for crypto products and services. As a result, SEBA Bank is eager to join the local digital asset ecosystem and expand its presence in the country via HashKey.
HashKey Group recently received licenses from the Securities and Futures Commission in Hong Kong to operate within the country. Meanwhile, SEBA Bank was the first to be granted a digital asset custody license in Switzerland, allowing it to facilitate institutional custody services, back in 2021.
On Sept. 20, United States stock exchange Nasdaq reportedly started preparing to offer custody solutions to institutions, creating a group dedicated to offering institutional Bitcoin and Ether custody services.
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