The pact will target the Hong Kong and Switzerland markets.

Asia-based financial services business Hashkey Group and Switzerland’s SEBA Bank have formed a new strategic partnership. 

SEBA Bank, which operates in the crypto space and been growing rapidly, will be able with Hashkey to make the most of its digital asset service offerings and custody and asset management products for the Hong Kong and Switzerland markets.

The move comes after SEBA opened its Hong Kong office last week. And in May it partnered with Liechtenstein’s LGT Bank to provide digital asset custody and brokerage services. The firm also achieved an important licence approval in the Middle East.

This partnership 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, the firms said in a statement yesterday.

Founded in April 2018 and based in Zug, SEBA Bank gained a Swiss banking and securities dealer licence in August 2019, and a CISA licence in September 2021. It won the Financial Services Permission from Abu Dhabi Global Market in February this year and opened an office in Abu Dhabi.

SEBA has also partnered with Liechtenstein’s LGT Bank to provide digital asset custody and brokerage services. Crypto assets, while they remain highly volatile, have become more mainstream. The field is affecting wealth management in a number of ways, as discussed here.