HSBC will reportedly use blockchain to move $20B in digital assets

Global bank HSBC is planning to track $20 billion worth of digital assets on a blockchain-based custody platform by March next year. According to Reuters, the platform, known as Digital Vault, will allow investors to get real-time access to records of securities purchased in private markets. HSBC’s platform will digitize paper records and leverage blockchain tech in a bid to maximize efficiency, reducing the time it takes for investors to make checks or queries on their holdings. While it