Switzerland’s crypto bank SEBA announced that it has officially opened its Hong Kong office and appointed Ludovic Shum as Managing Director to lead the team.

The bank said in a statement that it has a strong conviction for Hong Kong to become its first strategic location in APAC through its subsidiary.

SEBA Hong Kong’s initial activities will focus on consultancy services and market research, as well as engaging strategic partners for its head office in Switzerland.

The bank provides a suite of fully regulated banking and investment services, including trading, structured products, bank accounts, cards, credit, staking, and crypto and NFT custody.

SEBA Bank stringent security and deposit protection policy make it a secure, transparent and trusted crypto custodian in Switzerland.

Its client assets are held securely in segregated accounts, off the balance sheet, in a move to ensure that assets are always available for client withdrawal.

SEBA Bank had raised US$119 million in a Series C funding round to support its expansion efforts.

Franz Bergmueller, CEO of SEBA Bank said,

“We are proud to strengthen our presence in the APAC market with the opening of the new office of SEBA Hong Kong.

 

This office, and our deeply talented SEBA Hong Kong executive team, led by our Managing Director Ludovic Shum, provides a valuable strategic base that will enable us to cater effectively to the rapidly growing demand for crypto in the APAC region.”

Ludovic Shum, Managing Director at SEBA Hong Kong said,

“The opening of our Hong Kong office is critical to our ambition in the region.

 

By strengthening our presence in a key international financial centre, we are proud to form part of the crypto ecosystem and to contribute towards the development of the virtual/digital assets space in Hong Kong and the region.”