TechFlow, citing Bloomberg, reports that HSBC is partnering with Metaco, a technology firm under Ripple Labs, to offer institutional clients digital asset custody services, including tokenized securities. The service is expected to launch in 2024.
The offering will complement HSBC's digital asset issuance platform, HSBC Orion, as well as the bank's newly launched tokenized gold issuance system introduced last week.
Earlier in May, Ripple acquired cryptocurrency custody firm Metaco for $250 million.




