HSBC to Launch Digital Asset Custody Service with Ripple-Owned Firm Metaco

HSBC is set to enter the digital asset custody space, partnering with the Swiss-based institutional digital asset custody, trading and DeFi firm Metaco. This move signals a major step forward for institutional adoption of blockchain technology and tokenized securities.

HSBC Partners with Ripple-Owned Metaco for Digital Asset Custody

HSBC’s latest blockchain initiative sees them collaborating with Metaco, a tech firm owned by crypto payments company Ripple. This partnership will allow institutional investors to securely hold tokenized securities on HSBC's newly developed custody platform.

The collaboration between HSBC and Metaco leverages Metaco's Harmonize platform to provide a secure and scalable solution for managing digital assets. Partnering with the Swiss-based institutional digital asset custody, trading and DeFi firm Metacoowned by crypto payments company RippleHSBC’s latest blockchain HSBC has partnered with Ripple-owned tech firm Metaco to allow institutional investors to hold tokenized securities on its new custody platform. This allows HSBC to offer a robust custody service for institutional clients looking to invest in tokenized securities.

What This Means for Institutional Investors

This development is significant because it provides institutional investors with a trusted and regulated avenue to participate in the burgeoning digital asset market. The combination of HSBC's established reputation and Metaco's cutting-edge technology creates a compelling offering for institutions looking to hold and manage tokenized securities safely and efficiently. As institutional interest in digital assets continues to grow, HSBC's new custody platform is poised to become a key player in the industry.