HSBC and Metaco to Introduce Tokenized Custody Service in 2024

By: Eva Baxter

HSBC, one of the world's largest banking and financial services organizations, is progressing with tokenization ambitions, as they collaborate with Metaco to develop an innovative institutional custody service targeted for a 2024 launch. This venture follows its recent initiatives for tokenized gold offering and digital asset issuance.

The upcoming platform aims to offer tokenized securities custody for institutions, enhancing the digitalization of financial transactions and institutional operations.

By integrating Metaco's technology, HSBC aims to fuse traditional banking methodologies with the pioneering world of tokenization, thus expanding its services across the rapidly growing digital asset ecosystem.