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HSBC faucets Ripple’s Metaco to launch safety token custody

HSBC has partnered with Ripple-owned tech agency, Metaco, to combine its institutional platform Harmonize with HSBC’s new custody service for digital property, 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 companies type an entire digital asset providing for HSBC’s institutional purchasers, the agency mentioned.

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 growing story, and additional info will probably be added because it turns into obtainable.