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HSBC will Offer Custody Services For Tokenized Securities !
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[QUOTE="harrie blaze, post: 327831, member: 103098"] In collaboration with Swiss crypto safeguarding specialist Metaco, HSBC, one of the world's largest banks, announced intentions to provide a digital-assets custody service for institutional clients focused on tokenized securities. The custody service, which will go live in 2024, will complement HSBC Orion, the London-based bank's platform for creating digital assets, as well as a recently released offering for tokenized real gold, according to a statement from HSBC. According to the bank, the platforms will work together to build a comprehensive digital asset offering for institutional clients. Banks and financial organisations are tokenizing a variety of real-world assets (RWA) on blockchains, both private ledgers and public networks like Ethereum. Singapore, Japan, the United Kingdom, and Switzerland announced last month that they will test tokenization for fixed income, foreign currency, and asset management products.For the time being, HSBC's custody plans include "tokenized securities issued on third-party platforms, e.g., private and/or public blockchain compatible tokenized bonds or tokenized structured products (not for custody of cryptocurrencies or stablecoins)." [/QUOTE]
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HSBC will Offer Custody Services For Tokenized Securities !
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