Search Results for: HSBC

HSBC Enters Metaverse Space through Collaboration with the Sandbox

HSBC Bank announced Wednesday a partnership with The Sandbox, a blockchain gaming platform, to build its presence in the Hong Kong-based company’s metaverse. Through the partnership, HSBC acquired a plot of LAND, virtual real estate in The Sandbox metaverse, which it will develop to engage, entertain, and connect with sports, esports and gaming enthusiasts. The Sandbox is … Continue reading HSBC Enters Metaverse Space through Collaboration with the Sandbox

HSBC Rolls Out Metaverse Fund for Premium Clients in Singapore and Hong Kong

As the metaverse continues to gain momentum, HSBC Holdings, a British multinational investment bank, has established a fund to render investment opportunities to its high and ultra-high net worth investors in Singapore and Hong Kong.  Through the Metaverse Discretionary Strategy portfolio, HSBC will pinpoint investment opportunities across five areas in the metaverse ecosystem; infrastructure, interface, … Continue reading HSBC Rolls Out Metaverse Fund for Premium Clients in Singapore and Hong Kong

HSBC Undertakes Blockchain-based Trade Finance Transacntion for Automotive Sector in the Middle East

Through the Contour platform, HSBC conducted a blockchain-based trade finance transaction between SAIC Motor, a Chinese car manufacturer and Taajeer Group, the exclusive agent for MG cars in Saudi Arabia.  With the help of blockchain technology, it would significantly increase the speed of dealing with paperwork. HSBC noted that by using distributed ledger technology has the … Continue reading HSBC Undertakes Blockchain-based Trade Finance Transacntion for Automotive Sector in the Middle East

HSBC to Issue Digital Bonds to Institutional Investors through Tokenization Platform

Multinational banking giant HSBC has revealed plans to issue digital bonds to corporates and financial institutions through its new proprietary tokenization platform called HSBC Orion. By harnessing the power of distributed ledger technology (DLT), HSBC Orion will enable token-based transactions. As a result, attain digital delivery versus payment. Per the report: “The platform leverages blockchain … Continue reading HSBC to Issue Digital Bonds to Institutional Investors through Tokenization Platform

HSBC is looking for a top executive to work with asset tokenization

The British multinational bank HSBC, which controls the greatest amount of assets in Europe, has increased its focus on digital currencies in recent years. The financial institution is seeking to hire a senior executive who will focus on asset tokenization. On January 30, HSBC announced the opening of a post for a GPBW product director … Continue reading HSBC is looking for a top executive to work with asset tokenization

HSBC approves multi-million-pound bonuses for Silicon Valley Bank UK staff

On March 10, the activities of Silicon Valley Bank UK were terminated by order of the Bank of England (BoE), which said that the bank did not provide any “critical services” in support of the financial system. Once this event occurred, HSBC purchased the bank for the very cheap price of one pound. But, just … Continue reading HSBC approves multi-million-pound bonuses for Silicon Valley Bank UK staff

HSBC to Initiate Institutional Digital Assets Custody Service in 2024

HSBC Holdings plc has declared its strategic move into the digital asset sphere by announcing its intention to introduce a new digital assets custody service specifically for institutional clients. The service, anticipated to go live in 2024, will be designed to cater to the evolving needs of clients investing in tokenised securities. The forthcoming custody … Continue reading HSBC to Initiate Institutional Digital Assets Custody Service in 2024

Exclusive: Bitcoin – The Killer App in Africa and Latin America?

In driving financial inclusion and FinTech adoption in emerging markets, Ray Youssef, CEO of Paxful explains the key challenges in Bitcoin adoption in Africa and the strategies penetrating into the African markets. We are glad to have an in-depth interview with Ray, on Paxful’s strategies into Africa and Latin America. He also explained the biggest … Continue reading Exclusive: Bitcoin – The Killer App in Africa and Latin America?

Blockchain Unleashed at the United Nations General Assembly on the Global Crisis

Greta Thunberg, the 16-year-old has been on the headlines for the global climate crisis movement and has delivered a compelling speech at the 73rd United Nations General Assembly (UNGA) on how businesses and political involvement have stolen her dreams by the lack of response to the crisis. The burning platform created by Thunberg and the Global Climate … Continue reading Blockchain Unleashed at the United Nations General Assembly on the Global Crisis

South Korea Is Looking to Put Trade Finance on the Blockchain

This article is contributed by our content partner, Nexchange NOW. The South Korean government wants all trade to be on the blockchain, Coindesk reports. South Korean Finance Minister Hong Nam-ki introduced the Development Plan for Digital Trade on Monday, and per the plan, the government will be using technologies such as blockchain, AI, and 5G … Continue reading South Korea Is Looking to Put Trade Finance on the Blockchain

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