HSBC is working with the Ripple-owned firm Metaco to introduce a custody service for digital assets like tokenized securities.
HSBC is stepping firmly into the future of finance, announcing plans to offer a custody service for digital assets, including tokenized securities.
“We’re seeing increasing demand for custody and fund administration of digital assets from asset managers and asset owners, as this market continues to evolve,” HSBC’s Chief Digital, Data and Innovation Officer, Securities Services Zhu Kuang Lee said in the statement. “Through key partnerships, HSBC is delivering the next-generation custody infrastructure that will be scalable and secure.”
“I’m excited by the forthcoming launch of our new custody service for digital assets, which will complement HSBC Orion, our platform for issuing digital assets, as well as our recent launch of tokenized physical gold,” Global Head of Digital Assets Strategy, Markets and Securities Services John O’Neill added. “These services underscore HSBC’s commitment to the overall development of digital asset markets.
"Metaco Harmonize remains the market-leading institutional-grade digital asset custody and orchestration platform, uniquely fit for the stringent requirements of top tier banks and global custodians. Purpose-built for seamless integration with existing governance and risk management processes, our platform enables financial institutions to build the infrastructure that will enable them to scale their pilots or experiments with tokenized assets," he added.
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