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hsbc digital vault
Blockchain News

HSBC to use Blockchain-Based ‘Digital Vault’ for Securities Worth $20 billion

HSBC is exploring the benefits of blockchain in many of its banking operations. After a test with R3 based Voltron, it plans to conduct banking transactions on a blockchain-based ‘Digital Vault.’ The banking platform will digitalize paper-based records of placements onto a real-time record-keeping platform. HSBC aims to deploy $20 billion worth of private placement securities on

HSBC is exploring the benefits of blockchain in many of its banking operations. After a test with R3 based Voltron, it plans to conduct banking transactions on a blockchain-based ‘Digital Vault.’ The banking platform will digitalize paper-based records of placements onto a real-time record-keeping platform. HSBC aims to deploy $20 billion worth of private placement securities on