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HSBC to track $20 billion worth of assets on a blockchain platform

From leaprate.com

HSBC is revolutionising the way the bank tracks and records assets. Currently, Reuters reported that HSBC plans to shift around $20 billion worth of assets from paper records to a new digital blockchain platform. The shifting is expected to take place by March and it will be one of the biggest deployments of blockchain ever undertaken by a global bank. The platform will be called Digital Vault and will give investors real-time records of private market securities. According to Reuters, HSBC has realized the growing appetite towards such investors from investors. The new platform will shift assets that were previously ... (full story)

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  • Category: Fundamental Analysis