Posted 11/8/2023, 9:50:00 AM
HSBC to Offer Custody for Tokenized Securities in 2024
- HSBC plans to offer tokenized securities custody service for institutions in 2024
- Service will complement HSBC's Orion platform for issuing digital assets and tokenized gold
- Banks are bringing real-world assets like bonds onto blockchains through tokenization
- Custody will involve tokenized securities issued on public/private blockchains, not crypto or stablecoins
- Goal is to provide complete digital asset offering for institutional clients