HSBC to launch storage services for tokenized securities as more big banks warm to blockchain
Publishing timestamp: 2023-11-08 10:01:56
Summary
HSBC is launching custody services for tokenized securities, using technology from Swiss crypto custody firm Metaco. This move follows a similar announcement by BNY Mellon in 2021. HSBC aims to meet the increasing demand for custody and fund administration of digital assets. The bank already offers services for tokenized physical gold and has allowed its Hong Kong clients to trade in bitcoin and ether exchange-traded funds.
Sentiment: NEUTRAL
Tickers: HSBA-GB,
Keywords: banks, business news, markets, breaking news: technology, breaking news: markets, hsbc holdings plc, fintech, technology,
Source: https://www.cnbc.com/2023/11/08/hsbc-to-launch-custody-services-for-tokenized-securities.html