HSBC is getting set to offer digital assets custody services to institutional investors just a week after enabling the ownership of tokenized gold.
The London-based company’s upcoming capability would allow for the safe-keeping of tokenized securities — such as bonds and other products — issued on third-party platforms.
The offering, which would not custody other crypto assets or stablecoins, is expected to go live in 2024, the company said Wednesday.
HSBC is for now steering clear of custodying crypto assets beyond tokenized securities as such currencies remain “to a large degree unregulated,” a person familiar with the matter told Blockworks.
The financial giant is set to…
Read more on Blockworks