HashKey and SEBA Bank partner on digital assets solution
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HashKey and SEBA Bank partner on digital assets solution 06 December 2022Switzerland Reporter: Lucy Carter
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HashKey Digital Asset Group (HashKey) has signed a memorandum of understanding with SEBA Bank to accelerate digital asset adoption in Hong Kong and Switzerland.
HashKey will become SEBA Bank’s primary digital asset trading and market development partner in Hong Kong and SEBA Bank will, in turn, become HashKey’s banking partner of choice in Switzerland.
Through the partnership, the two companies aim to provide institutional and professional investors with reliable and differentiated solutions and avenues to increase their digital asset exposure.
Both HashKey and SEBA Bank have emphasised their commitment to maintaining regulatory standards in each jurisdiction, and ensuring that know-your-customer and anti-money laundering standards are met.
Franz Bergmueller, group CEO of SEBA Bank, says: “Hong Kong is a leading jurisdiction in the licensing provision of crypto products and services. It is important that the SEBA group becomes part of this ecosystem as a trusted, secure and transparent counterparty in this regulated crypto environment. HashKey will play an important role in expanding our presence and network in the region.”
Michel Lee, executive president at HashKey, adds: “HashKey has always prioritised the importance of protecting our clients’ funds and assets under a regulatory-first approach, and SEBA Bank shares the same ethos and core principles with us on regulatory compliance. Merging HashKey’s ecosystem of digital asset services along with SEBA Bank’s digital banking and finance infrastructure will allow us to offer to our clients the most secure and seamless gateway into the new digital economy.”
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