{"id":86767,"date":"2023-11-08T16:21:52","date_gmt":"2023-11-08T14:21:52","guid":{"rendered":"https:\/\/forklog.com\/en\/?p=86767"},"modified":"2025-09-13T07:35:43","modified_gmt":"2025-09-13T04:35:43","slug":"hsbc-to-launch-custody-service-for-tokenised-securities","status":"publish","type":"post","link":"https:\/\/forklog.com\/en\/hsbc-to-launch-custody-service-for-tokenised-securities\/","title":{"rendered":"HSBC to launch custody service for tokenised securities"},"content":{"rendered":"<p>The United Kingdom&#8217;s largest bank, HSBC, in 2024<a href=\\\"https:\/\/www.gbm.hsbc.com\/-\/media\/gbm\/campaign\/media-releases\/announcing-hsbc-orion.pdf\\\"> will offer<\/a> institutional clients a custody service for storing tokenised securities.<\/p>\n<p>The partner will be<a href=\"https:\/\/forklog.com\/en\/news\/ripple-agrees-to-acquire-crypto-custodian-metaco-for-250-million\"> the Ripple-owned<\/a> Metaco company.<\/p>\n<blockquote class=\"wp-block-quote is-layout-flow wp-block-quote-is-layout-flow\">\n<p><em>&#8220;We are seeing growing demand from asset managers,&#8221;<\/em> the statement said.<\/p>\n<\/blockquote>\n<p>The offering will complement the HSBC Orion blockchain platform and the tokenised gold issuance system.<\/p>\n<p><a href=\\\"https:\/\/www.bloomberg.com\/news\/articles\/2023-11-08\/hsbc-to-launch-digital-assets-custody-for-tokenized-securities#xj4y7vzkg\\\" title=\\\"\\\">Bloomberg<\/a> noted Ripple&#8217;s forecast that the institutional crypto-custody market would reach $10 trillion by 2030.<\/p>\n<p>In June the HSBC subsidiary in Hong Kong<a href=\"https:\/\/forklog.com\/en\/news\/hsbcs-hong-kong-unit-enables-trading-of-crypto-etfs\"> provided the opportunity<\/a> to trade <a href=\"https:\/\/forklog.com\/en\/news\/what-is-a-cryptocurrency-etf\">ETF<\/a> on Bitcoin and Ethereum, which received a listing on the local stock exchange.<\/p>\n<p>Earlier, similar plans to launch a custody platform for digital assets<a href=\"https:\/\/forklog.com\/en\/news\/citigroup-to-launch-custodial-platform-for-digital-currencies\"> were stated<\/a> by Citigroup.<\/p>\n<p>In June, reports emerged that the conglomerate<a href=\"https:\/\/forklog.com\/en\/news\/citigroup-weighs-revisiting-its-partnership-with-metaco\"> planned to find a replacement for Metaco<\/a> after its acquisition by Ripple Labs.<\/p>\n","protected":false},"excerpt":{"rendered":"<p>HSBC, the United Kingdom&#8217;s largest bank, will offer institutional clients a custody service for tokenised securities in 2024.<\/p>\n","protected":false},"author":1,"featured_media":86768,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"select":"1","news_style_id":"1","cryptorium_level":"","_short_excerpt_text":"","creation_source":"","_metatest_mainpost_news_update":false,"footnotes":""},"categories":[3],"tags":[1282,1229,1582,1157],"class_list":["post-86767","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-news-and-analysis","tag-asset-tokenization","tag-banks-and-fintech","tag-hsbc","tag-storage"],"aioseo_notices":[],"amp_enabled":true,"views":"49","promo_type":"1","layout_type":"1","short_excerpt":"","is_update":"","_links":{"self":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86767","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/comments?post=86767"}],"version-history":[{"count":1,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86767\/revisions"}],"predecessor-version":[{"id":86769,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/posts\/86767\/revisions\/86769"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media\/86768"}],"wp:attachment":[{"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/media?parent=86767"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/categories?post=86767"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/forklog.com\/en\/wp-json\/wp\/v2\/tags?post=86767"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}