Swiss-based SEBA Bank has been granted a Financial Services Permission (FSP) from the Financial Services Regulatory Authority (FSRA) of the Abu Dhabi Global Market (ADGM) for the conduct of regulated activities such as advising on investments or credit, arranging credit and custody, and arranging deals in investments.
Following receipt of this FSP, SEBA Bank has opened an office in Abu Dhabi ADGM to strengthen support for its regional partners in the provision of regulated digital asset services.
With the dedicated office in Abu Dhabi, the bank aims to increase the number of staff across operations, sales, and business development in the region.
Guido Buehler, CEO at SEBA Bank, says: “We are proud to receive a license from the ADGM FSRA to provide our digital asset banking services in the ADGM. ADGM is a leading global hub for driving innovation in technology and business development and will offer valuable support in meeting our growth objectives for the region. Our new office in the thriving business and financial district on Al Maryah Island will serve as a strategic hub for SEBA Bank to cater effectively to the evolving needs of our customers in the UAE and across the region.”
The CEO of the FSRA, Dhaher Bin Dhaher Al Muhairi has stated his happiness in welcoming the SEBA Bank into the expanding family of financial institutions for the thriving digital asset landscape. Furthermore, ADGM constantly seeks such banks to enhance their vibrant ecosystem, contribute to the growth and diversification of the Abu Dhabi economy by advancing its financial services.
