The partnership between SEBA Bank and HashKey Group is designed to restore trust and allay fears of investors across the board.
Swiss digital currency bank SEBA Bank has entered into a strategic partnership with HashKey Group to float new products and services that will drive institutional adoption of cryptocurrencies. as announcedBoth the firms have signed Memorandum of Understanding (MoU) to strengthen the partnership with a drafting approach to keep up with the regulatory requirements in the jurisdictions where they operate.
As per the terms of the partnership, SEBA Bank will act as the official banking firm of HashKey Group in Switzerland, while HashKey Group will act as the preferred digital asset trading and market development partner in Hong Kong.
Both companies have become major players in their respective jurisdictions and Hashkey Group has become the second company. Approved from the Securities and Futures Commission (SFC) for operating a digital currency trading business in the region. The company, through its highly sophisticated organization, helps Hashkey Pro investors secure their assets by segregating them in custody.
“With a supportive regulatory framework, Hong Kong is a leading jurisdiction globally in the licensing provision of crypto products and services,” said Franz Bergmueller, Group CEO of SEBA Bank. Trusted, secure and transparent counterparty in this regulated crypto environment. We are proud to partner with HashKey to establish and strengthen our presence in this important market. As a leading provider of digital asset financial services in Asian markets, Hashkey will play an important role in expanding our presence and network in the region.
Despite the massive growth in the digital currency ecosystem today, investors are still very wary of injecting funds, a fear compounded by the ethical lapses that ultimately fueled the collapse and a slip to bankruptcy of the FTX Derivatives Exchange. Was. With former CEO of FTX, Sam Bankman-Fried illegally taking funds from clients, many are now unsure which firms to trust or not.
SEBA Bank and Hashkey Will Help Rebuild Industry Confidence
The partnership between SEBA Bank and HashKey Group is designed to restore trust and allay fears of investors across the board. Both have emphasized that they will strictly adhere to all Anti-Money Laundering (AML), Know Your Customer and other compliance policies.
With commitment from both parties, institutional investors looking to gain exposure to the space can find offerings tailored to suit their needs and goals across the board.
“Since our inception, HashKey has always prioritized the importance of protecting our customers’ money and assets under a regulatory-first approach. We are excited about this strategic partnership with SEBA Bank, which is a leading player in the global digital investment market. is a pioneer and one of the world’s most innovative financial institutions that also shares with us the same ethos and core principles on regulatory compliance,” said Mitchell. Lee, Executive Chairman of HashKey Group, said, “Merging HashKey’s ecosystem of digital asset services with SEBA Bank’s state-of-the-art digital banking and finance infrastructure will allow us to offer our customers the most secure and seamless gateway into the new digital economy. “
Benjamin Godfrey is a blockchain enthusiast and journalist who loves to write about real life applications of blockchain technology and innovations to drive general acceptance and worldwide integration of the emerging technology. His desire to educate people about cryptocurrencies drives his contributions to well-known blockchain-based media and sites. Benjamin Godfrey is a lover of sports and agriculture.
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