cognitive cybersecurity intelligence

News and Analysis


HSBC Takes Stab at Using Blockchain To Modernize London’s Antiquated Gold Market

HSBC, one of the world’s largest custodians of precious metals, has launched a blockchain platform to tokenize ownership of physical gold held in its London vault. The system, expected to make trading less cumbersome, creates digital tokens representing the gold bars. HSBC is one of the four clearers on the London gold market, where over $30 billion changes hands daily. The bank plans to extend the use of its system for other precious metals.

Source: –

Subscribe to newsletter

Subscribe to HEAL Security Dispatch for the latest healthcare cybersecurity news and analysis.

More Posts