HSBC To Partner With Ripple's Metaco For A Tokenized Securities Custody Service

  • By Grand News Network
  • |
  • November 8, 2023

HSBC Holdings (NASDAQ: HSBC) looks to launch an institutional-grade custody service for tokenized securities.

What Happened: HSBC will soon offer a custody service for its digital assets like tokenized securities to its institutional clients, according to The Block. It will associate with Metaco, a Ripple Labs-owned technology form, for safekeeping services.

The service which will use Metaco’s Harmonize solution will go live in 2024.

Also Read: HSBC Reportedly Partners With Fireblocks Amid US Crypto Regulatory Turmoil

Tokenization will include tokenized securities issued on third-party platforms like private and/ or public blockchain-compatible tokenized bonds or tokenized structured products.

Metaco Harmonize is ...

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