SEBA’s Hong Kong office will provide advisory services and market research and engage strategic partners for its headquarters in Zug, Switzerland, according to a press release from the Swiss-licensed cryptocurrency bank shared by Forkast.

With a significant reputation as an international financial center and an innovative and progressive approach to cryptocurrency regulation, Hong Kong is cementing its position as a global leader in cryptocurrency.

Hong Kong rolled out the welcome mat for the crypto industry at its annual fintech gathering in October and maintained its stance on digital assets despite the recent FTX fiasco that damaged the industry’s reputation worldwide.

SEBA Bank closed a $116 million Series C round in January and opened its first overseas office in Abu Dhabi in February.