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HSBC taps Ripple’s Metaco to launch security token custody

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HSBC has partnered with Ripple-owned tech agency, Metaco, to combine its institutional platform Harmonize with HSBC’s new custody service for digital belongings, the agency introduced on Nov. 8.

The financial institution expects to roll out the brand new digital asset custody service in 2024, complementing its digital asset issuance platform referred to as HSBC Orion and HSBC providing for tokenized bodily gold, launched on Nov. 1, 2023. Collectively, the providers type a whole digital asset providing for HSBC’s institutional purchasers, the agency stated.

Main world banking firm HSBC is planning to launch an institutional custody platform for tokenized securities, also referred to as safety tokens.

It is a creating story, and additional info shall be added because it turns into accessible.