- HSBC plans to launch a digital-assets custody service for institutional clients in partnership with Swiss crypto safekeeping specialist Metaco, focusing on tokenized securities.
- The service will complement HSBC Orion, the bank’s platform for issuing digital assets, and a recently introduced offering for tokenized physical gold.
- Together, the platforms will provide a complete digital asset offering for institutional clients.
- The custody service will involve tokenized securities issued on third-party platforms, not for cryptocurrencies or stablecoins.
- HSBC’s move comes as banks and financial institutions are bringing real-world assets onto blockchains through tokenization.
HSBC is set to provide a custody service for institutions that involves tokenized securities
