One of the world’s largest banks, HSBC, has launched a blockchain-based tokenized gold product.
HSBC has released Gold Token, a blockchain-based real-world asset (RWA) targeted at retail investors.
In an announcement made by the bank on Wednesday, March 27, HSBC Gold Token, printed on the Orion digital assets platform, can be utilized through HSBC Online Banking and the HSBC HK Mobile App.
Maggie Ng, Head of Wealth and Personal Banking at HSBC Hong Kong, commented on the matter, saying that this product is a first of its kind in its field:
We take pride in HSBC Gold Token, which is the first individual investment product based on distributed ledger technology authorized by the Securities and Futures Commission in Hong Kong.”
Last November, HSBC partnered with Metaco to provide digital asset custody services to its corporate clients.
