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HSBC Announces Blockchain Strategy: Digital Asset Custody, HSBC Orion, and Tokenization
Gate News bot reports that Zhu Kuang Lee, Chief Digital, Data and Innovation Officer of HSBC, disclosed three development focuses of HSBC in blockchain technology: digital asset custody, private blockchain platform HSBC Orion, and tokenization. According to the data, over the past 18 months, the HSBC Orion platform has completed more than 10 bond issuances in places like Hong Kong, with an issuance scale exceeding $1.5 billion. Recently, Hua Xia Fund Management Company has selected HSBC as the tokenization agent for the Hong Kong Project Ensemble pilot program, responsible for the minting and burning of money market fund shares.
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