HSBC will cooperate with Metaco to provide institutional-grade digital asset custody services, planning to launch them in 2024

Odaily News HSBC will cooperate with Metaco, a technology company owned by Ripple Labs, to provide digital asset custody services such as tokenized securities to institutional customers. The service is expected to be launched in 2024. The service will complement HSBC Orion, HSBC’s digital asset issuance platform, and the tokenized gold issuance system launched by the bank last week. (Bloomberg) According to previous news in May, Ripple spent $250 million to acquire Metaco, a Swiss-based cryptocurrency custody company. The acquisition will allow Ripple to expand its offerings by integrating its technology into the custody, issuance and settlement of tokenized assets.