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2019-11-28 11:50:55

HSBC to track USD20bn in assets on blockchain custody platform

HSBC, one of the largest, internationally recognized banks, will be using a blockchain custody platform to start tracking more than USD 20 billion worth of digital assets. The news of the new platform was announced in a Reuters publication. The official start date of the project is yet unknown; however, HSBC is looking to deploy the platform before March next year. Blockchain custody platform The blockchain custody platform, called Digital Vault, will aim to give investors real-time insights into the records of privately purchased securities. The main goal of the new platform will be to become the digital copy of