Carbon sequestration technology offers a solution to mitigate excessive carbon dioxide emissions and sustainable development in the future. This study proposes a method for subsea carbon sequestration through the injection of cold seawater to promote CO2 hydrate formation. Using a self-developed simulator, we modeled and calculated the long-term sequestration process. The study focuses on analyzing the thermal regulation of the seabed following cold seawater injection, the multiphysical field evolution during CO2 injection and long-term sequestration, and the impact of seawater injection volumes on sequestration outcomes. The feasibility and leakage risks of this method were evaluated on a 100,000-year timescale. Results indicate that the injection of cold seawater significantly improves the pressure–temperature conditions of subsea sediments, facilitating early hydrate formation and markedly increasing the initial CO2 hydrate formation rate. Consequently, the distribution pattern of hydrate saturation changes, forming a double-layer hydrate shell. Over the long term, while cold seawater injection does not significantly reduce CO2 leakage, it does increase the safety margin between the hydrate layer and the seabed, enhancing the safety coefficient for long-term CO2 hydrate sequestration. Through detailed analysis of the behavior of CO2 components during sequestration, this study provides new theoretical insights into subsea CO2 hydrate storage.