Press Release Today TheBitTimes.com

HSBC has partnered with Ripple-owned tech firm, Metaco, to allow institutional investors hold tokenized securities on its new custody platform. HSBC has partnered with Ripple-owned tech firm, Metaco, to integrate its institutional platform Harmonize with HSBC’s new custody service for digital assets, the firm announced on Nov. 8. The bank expects to roll out the new digital asset custody service in 2024, complementing its digital asset issuance platform known as HSBC Orion and HSBC offering for tokenized physical gold, launch ed on Nov. 1, 2023. Together, the services form a complete digital asset offering for HSBC’s institutional clients, the firm said. Major global banking company HSBC is planning to launch an institutional custody platform for tokenized securities, also known as security tokens. This is a developing story, and further information will be added as it becomes available. Source: https://thebittimes.com/hsbc-taps-ripple-s-metaco-to-launch-security-token-custody-...

Security expert Jameson Lopp said some users lost Ethereum tokens because of the lack of a secure storage method. The demand for Ethereum self-custody solutions is growing, according to Jameson Lopp, co-founder and chief technology officer of Bitcoin wallet provider Casa. In a conversation with Cointelegraph at Bitcoin 2023, Lopp stated that Casa has found it necessary to provide Ethereum support due to the increased number of Ethereum users seeking the service. Incidents like the collapse of FTX in 2022 have raised awareness of the need for a secure way to store Ethereum and Ethereum tokens such as stablecoins, Lopp said: “I’ve actually spoken to Casa clients who suffered losses as a result of some of the collapses last year. Those that kept their Bitcoin in Casa did well, but some of them ended up losing other things — even stablecoins, for example — because they didn’t have a way to put those into a distributed cold-storage setup.” In order to respond to this problem, Casa announce...