HSBC To Launch Digital Assets Custody for Tokenized Securities
- The bank will work with Swiss-based Metaco on new service
- Latest blockchain offering is expected to go live in 2024
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HSBC Holdings Plc plans to offer institutional clients a custody service for digital assets such as tokenized securities, the bank’s latest move in the new area of finance.
HSBC will work with Ripple Labs Inc.-owned technology firm Metaco on the safekeeping services, which it expects to go live in 2024, it said in a statement on Wednesday.