HSBC taps Ripple’s Metaco to launch security token custody

November 8, 2023
The Last Cryptocurency
Cointelegraph Feed
Cointelegraph Feed

HSBC has partnered with Ripple-owned tech firm, Metaco, to allow institutional investors hold tokenized securities on its new custody platform.

HSBC taps Ripple’s Metaco to launch security token custody

HSBC has partnered with Ripple-owned tech firm, Metaco, to integrate its institutional platform Harmonize with HSBC’s new custody service for digital assets, the firm announced on Nov. 8.

The bank expects to roll out the new digital asset custody service in 2024, complementing its digital asset issuance platform known as HSBC Orion and HSBC offering for tokenized physical gold, launched on Nov. 1, 2023. Together, the services form a complete digital asset offering for HSBC’s institutional clients, the firm said.

Major global banking company HSBC is planning to launch an institutional custody platform for tokenized securities, also known as security tokens.

This is a developing story, and further information will be added as it becomes available.

Recent days have seen new players emerge in the race for artificial intelligence, with business giants announcing AI initiatives. 710 Total views 4 Total shares Own this piece of history Collect this article as an NFTThe artificial intelligence (AI) global race has taken on new players in the past days, with Twitter and Alibaba reportedly…

Crypto Pepes: What does the frog meme?

When BarnBridge founder Tyler Ward decided to change his profile pic a few weeks ago, he inadvertently created a Pepe the Frog NFT meme craze embraced by celebrities and the DeFi community that was on track to reap more than $60 million in sales on the OpenSea auction platform. Then the wheels fell off rather…

Bitcoin price continues to drop, but how are pro BTC traders positioned?

Bitcoin (BTC) has experienced a remarkable 15.7% price surge in the first six days of December. This surge has been heavily influenced by the anticipation of an imminent approval of a spot exchange-traded fund (ETF) in the United States. Senior Bloomberg ETF analysts have expressed a 90% probability for approval by the U.S. Securities and

US CFPB proposes supervising digital app providers, including crypto wallets

The proposal would affect retail transactions carried out from crypto wallets, but not crypto trading. 215 Total views 2 Total shares The United States Consumer Financial Protection Bureau (CFPB) has proposed a rule to allow it to supervise large non-bank digital wallet and app providers. The rule is part of a larger move by the

IOTA to Enter a New Partnership to Track Potentially Fatal Food Allergens With DLT

Non-profit blockchain organization IOTA Foundation has teamed up with digital food safety management firm Primority to track food allergens via blockchain, IOTA tweeted on June 20.The new partnership aims to reduce risks associated with potentially fatal food allergens, targeting 220 million people with food allergy worldwide, as IOTA noted in the tweet.The collaboration includes the…

US Air Force Partners With Blockchain Big Data Management Platform

The United States Air Force (USAF) partnered with blockchain big data management startup Constellation.According to a Constellation press release published on Aug. 27, the startup signed a working contract with the USAF. The U.S. Air Force better explains the scope of the partnership in the following statement:“Air Force Research Laboratory and AFWERX have partnered to…

CFTC files suit against Avraham Eisenberg for market manipulation in Mango exploit

Eisenberg claimed his actions on the DeFi platform were legal and negotiated a “white hat” bug bounty after making off with over $100 million; the government is unconvinced. 55 Total views 1 Total shares Ho-ho-ho! Get Limited Holiday Trait!Collect this article as an NFTThe United States Commodity Futures Trading Commission (CFTC) filed suit against self-described…

Polygon proposes upgrading MATIC into a multipurpose token for all chains

The proposal for MATIC’s technical upgrade is subject to approval from the Polygon community. Once approved, MATIC’s upgrade to a multipurpose token will result in its renaming to POL. Ethereum layer 2 development firm Polygon proposed upgrading its in-house MATIC (MATIC) token into a multipurpose token that can be used to validate multiple chains.The proposal…

Crypto Markets Experience Moderate Growth, Bitcoin Holds Above $3,600

Wednesday, Jan. 16 — Cryptocurrency markets are mostly green today, according to Coin360 data. Most of the top 20 coins by market capitalization are up over the last 24 hours, with Bitcoin (BTC) holding firmly above the $3,600 mark.Market visualization from Coin360Bitcoin has stayed above the $3,600 threshold during the day, while its highest price…

Share this: