HSBC who's been working with Ripple for some time, one of the biggest banks in the world, 3 trillion in assets right to launch digital asset custody services for institutional clients.HSBC will launch digital asset custody with Ripple owned firm.HSBC announced today that it plans to launch a new digital assets custody service for institutional clients who will invest in tokenize securities once live in 2024.HSBC new digital asset custody service will complement HSBCS Bank's platform for issuing digital assets as well as HSBCS recently launched offering for tokenized physical gold.Together these form a complete digital asset offering for HSBC's institutional clients.

HSBC is working with Medico, who obviously is working with Ripple to use its institutional platform Harmonize as part of HSBC's new custody service for digital assets.This helps unify security and management of digital asset operations.Now moving on, here's some direct quotes from Zuli, who is the chief digital data and innovation officer, security services for HSBC, he said.We're seeing increasing demand for custody and fund administration of digital assets for asset managers and asset owners as this market continues to evolve.

Through key partnerships, HSBC is delivering the next generations custody infrastructure that will be scalable and secure for asset services, their servicers.This has never been more important time to innovate, collaborate and create change Then CEO and founder of Medico says.It is exciting to be working with HSBC as it continues to explore the applications of DLT, distributed Ledger technology and asset creation and custody custody infrastructure such as Medicos HARMONIZE, which integrates with financial institutions.

Existing systems will be critical to how issuers and investors interact as capital markets and assets in general continue to be represented on distributed Ledger's.Then finally John O'Neill, who is the Head of Global Digital Asset Strategy, Markets and Security Services for HSBC granted 3 trillion in assets.

These services HSBCS, commitment to overall development of digital assets, markets Wow.Ripple Stellar, working with the biggest folks in the industry making the biggest moves in the market.