HashKey Group established a partnership with SEBA Bank to bring solutions for institutional crypto investors.
HashKey Group is a digital asset financial services group in Asia. This company offers new investment opportunities and solutions to institutions, family offices, funds, and professional investors across the cryptocurrency and blockchain world.
On 5 December, Cointelegraph reported that SEBA Bank & HashKey Group collaborated to bring innovative solutions for institutional investors, so that big investors can easily & safely invest in Bitcoin & Ethereum-like crypto assets.
The services under the collaboration of these two companies will be available for the institutional investors of Hong Kong and Switzerland. Both of the companies confirmed that they will follow all necessary steps to comply with the regulatory frameworks under the respective collaborations in the corresponding countries.
Franz Bergmueller, CEO of the SEBA Bank, said that Hong Kong is a highly strict environment for companies because of the highly restricted regulatory frameworks & policies. In this way, he explained the main role of the SEBA Bank will be in the Hong Kong jurisdiction in collaboration with HashKey.
HashKey Executive Michel Lee explained the role of his company and said that the company is working to go with crypto services with a fully regulated approach. And also SEBA Bank is a leading company in terms of following the regulatory approach.
At present, HashKey is holding full regulatory approval from the Securities and Futures Commission (SFC) in Hong Kong, So this company can provide services in Hong Kong only. SEBA Bank is holding full regulatory approval to provide digital assets custody in Switzerland. So in the collaborative approach, both of the companies will provide crypto investment services in both of these regions in support of each other.
As we know that crypto market is going through a significant fear because of the collapse of huge numbers of crypto companies like FTX exchange, Voyager Digital, Alameda Research, Genesis Global Trading, etc. So the regulatory bodies are now more actively & strictly taking action against the crypto companies which are not following basic rules to ensure the safety of the crypto investors.