HSBC Announces Blockchain Strategy: Digital Asset Custody, HSBC Orion, and Tokenization
Gate News bot message reports that Zhu Kuang Lee, the Chief Digital, Data and Innovation Officer of HSBC, revealed three key development focuses of HSBC in blockchain technology: digital asset custody, the private blockchain platform HSBC Orion, and tokenization. Data shows that in the past 18 months, the HSBC Orion platform has completed over 10 bond issuances in locations such as Hong Kong, with an issuance scale of over $1.5 billion. Recently, China Asset Management Co., Ltd. has selected HSBC as the tokenization agent for the Hong Kong Project Ensemble pilot program, responsible for the minting and destruction of money market fund shares.