HSBC, one of the world’s largest banks, is preparing to work with Metaco to provide custody services for corporate customers’ digital assets.
HSBC in cooperation with Switzerland-based cryptocurrency company Metaco to tokenized securities will give emphasis. Metaco will ensure that customers’ assets are kept safe.
Ripple, the developer of XRP, acquired Metaco for $250 million earlier this year.
London-based bank, custody service within the next year waiting for it to start.
HSBC already has a platform called HSBC Orion for digital asset issuance. The bank also tokenized gold It established a system for export last week. The system based on distributed ledger technology (DLT) allows physical gold held in vaults in London. digital token It allows it to be represented as .
According to the statement, HSBC’s plan currently covers “tokenized securities issued on third-party platforms, such as tokenized bonds or structured products that are compatible with private and/or public blockchains.”
Bank, Providing custody services for cryptocurrencies or stablecoins not planning.
Zhu Kuang Lee, an executive at HSBC, said: “As this market continues to evolve, asset managers and owners will storing and managing digital assets “We see that it is starting to show more demand.” said.