HSBC Partners with Ripple's Metaco to Launch Security Token Custody

HSBC to Offer Custody Service for Digital Assets

HSBC has announced a partnership with tech firm Metaco, a subsidiary of Ripple, to integrate its institutional platform Harmonize with HSBC's new custody service for digital assets. The bank plans to launch the service in 2024, adding to its existing digital asset issuance platform, HSBC Orion, and its offering for tokenized physical gold, which was launched on November 1, 2023. These services together provide a comprehensive digital asset offering for HSBC's institutional clients.

HSBC Expands into Tokenized Securities

HSBC, a major global banking company, is set to enter the world of tokenized securities with the launch of an institutional custody platform. The move comes as part of the bank's efforts to adapt to the ever-evolving digital landscape and meet the needs of its institutional clients.

This is a developing story, and we will provide further updates as more information becomes available.