HSBC is looking to penetrate the digital asset custody sector by offering institutional clients safekeeping services for tokenized securities.
![HSBC, based in Canary Wharf, is expanding into the digital asset custody sector, partnering with Metaco for institutional safekeeping services. PHOTO: Steve Heap/Shutterstock](https://krugmaninsights.com/wp-content/uploads/2023/11/LFXGUTHXI5C3FCMDGKD7PJCPW4-1024x684.webp)
These services will be developed in partnership with Metaco, a technology firm owned by Ripple Labs Inc., and are expected to be available in 2024.
This move by HSBC adds to its digital assets ecosystem as it complements the bank’s