Ripple and Metaco: Banking Giant HSBC Launches Crypto Services

Last Updated: 13. November 2023By

HSBC stands behind one of the largest banking and financial services organizations in the world. The large corporation based in London has offices in 62 countries around the world and manages around $3 trillion in assets. Now the banking giant has announced that it is launching a new custodial service for digital assets for institutional customers, offering investments in tokenized securities.

To this end, a collaboration with Metaco was established. Metaco was founded in Switzerland in 2015 and is a technology company whose mission is to enable financial and non-financial institutions to securely build their digital asset transactions using blockchain technology. HSBC recently launched a gold token.

Metaco is part of Ripple Labs! From asset-agnostic custody and trading to tokenization and intelligent contract management, the Metaco platform seamlessly connects institutions to the broad universe of decentralized finance (DeFi) and decentralized applications (Web3 Dapps). Metaco has established itself as the institutional standard for digital asset infrastructures, trusted by the world’s largest global custodians such as banks, regulated exchanges, and corporations.

Metaco’s software and technology solutions enable institutions to store, trade, store and manage any kind of digital asset. For example, cryptocurrencies such as Bitcoin, Ethereum, XRP & Co. As well as the management of digital currencies, digital securities and non-fungible tokens (NFTs) under the highest security standards. Metaco is part of Ripple Labs, the market leader in blockchain and crypto solutions for businesses. Ripple Labs is in turn the company behind the significant cryptocurrency XRP.

My conclusion: There is no day that goes by without at least one major corporation starting or accelerating its way into the world of cryptocurrencies.

Invest and diversify now in the world of digitalization and tokenization! Take advantage of the moment: Invest and diversify on solid paths into blockchain technology, cryptocurrencies around Bitcoin, Ethereum and Co. as well as megatrends such as cyber security, the Metaverse, NFTs or artificial intelligence (AI). I show you effective means and practical ways for this in the context of KRYPTO-X.