Live Chat

Crypto News

Cryptocurrency News 12 months ago
ENTRESRUARPTDEFRZHHIIT

HSBC Partners with Metaco to Launch Digital Asset Custody Service in 2024

Algoine News
Summary:
HSBC is set to launch a new digital asset custody service in 2024. To facilitate this, the bank has teamed up with tech firm Metaco, integrating its platform Harmonize. This complements HSBC's existing digital services, forming a comprehensive digital asset offering for its institutional clients. The bank is also planning to launch a platform for tokenized securities.
In a strategic alliance with technology company Metaco, owned by Ripple, HSBC is integrating Harmonize, Metaco's institutional platform, with its latest digital asset custodial service, it was officially announced on November 8. The bank targets 2024 as the launch year of this new digital asset custodial service, which will supplement HSBC Orion, its digital asset issuance platform, and its service offering for tokenized physical gold that was rolled out on November 1, 2023. Collectively, these services constitute a comprehensive digital asset offering tailored for HSBC's institutional clientele, according to the company. HSBC is among the leading global banking entities contemplating the introduction of an institutional custody platform for tokenized securities, frequently referred to as security tokens. Continued updates will follow as more information unfolds about this ongoing story.

Published At

11/8/2023 10:38:42 AM

Disclaimer: Algoine does not endorse any content or product on this page. Readers should conduct their own research before taking any actions related to the asset, company, or any information in this article and assume full responsibility for their decisions. This article should not be considered as investment advice. Our news is prepared with AI support.

Do you suspect this content may be misleading, incomplete, or inappropriate in any way, requiring modification or removal? We appreciate your report.

Report

Fill up form below please

๐Ÿš€ Algoine is in Public Beta! ๐ŸŒ We're working hard to perfect the platform, but please note that unforeseen glitches may arise during the testing stages. Your understanding and patience are appreciated. Explore at your own risk, and thank you for being part of our journey to redefine the Algo-Trading! ๐Ÿ’ก #AlgoineBetaLaunch