HashKey Group and SEBA Bank form strategic partnership

By Leandra Monteiro

HashKey Digital Asset Group and SEBA Bank AG have announced a new strategic partnership that will see both financial services groups leverage their digital asset service offerings as well as custody and asset management products to accelerate the institutional adoption of digital assets in Hong Kong and in Switzerland.

The strategic partnership, formalised through a Memorandum of Understanding, will see HashKey become SEBA Bank’s preferred digital asset trading and market development partner in Hong Kong, while SEBA Bank will be the banking partner of choice for HashKey in Switzerland.

Together, HashKey and SEBA Bank aim to bring to market reliable and differentiated solutions and avenues for institutional and professional investors who are seeking to take exposure in the digital asset ecosystem. The two groups are also committed to complying with and embracing the regulatory frameworks of their respective jurisdictions with the highest standards of compliance, Know-Your-Customer and Anti-Money Laundering policies and measures.

By partnering with HashKey, SEBA Bank will strengthen its offering to its institutional clients and partners and solidify its position as a global crypto banking leader, complementing its existing licenses and branches in Switzerland and Abu Dhabi.

Franz Bergmueller, Group CEO of SEBA Bank commented, “With a supportive regulatory framework, Hong Kong is a leading jurisdiction globally 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. We’re proud to partner with Hashkey to establish and strengthen our presence in this critical market. 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.”

Michel Lee, Executive President at HashKey Group said, “Since our inception, HashKey has always prioritised the importance of protecting our clients’ funds and assets under a regulatory-first approach. We are excited to form this strategic partnership with SEBA Bank, a pioneer in the global digital investment market and one of the most innovative financial institutions in the world, who also 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 cutting-edge digital banking and finance infrastructure will allow us to offer to our clients the most secure and seamless gateway into the new digital economy.”