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HSBC acquires SVB UK for £1 amid collapse
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HSBC Australia has announced it will block customer payments to cryptocurrency exchanges starting July 24 due to concerns over customer protection. According to communications shared on X, the bank has cited a rise in crypto-related investment scams, reporting that Australians…
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HSBC’s Hong Kong investments head, Sami Abouzahr, says asset tokenization is one of the top priorities for the bank for this year. HSBC Hong Kong is set to double down on asset tokenization as part of the bank’s development strategy…
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Blockchain insurance startup MediConCen raised $6.85 million in funding led by HSBC to improve the sector by ‘simplifying and speeding up the claims journey.’ In a blog announcement, the Hong Kong-headquartered startup said other investors, including G&M Capital, ParticleX, and…
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The Hong Kong branch of the international HSBC bank is set to continue to work with the authorities on initiatives such as digital currencies for cross-border payments. HSBC Hong Kong is accelerating its work with local authorities on the implementation…
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Bitcoin
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Large financial companies, including JPMorgan Chase & Co., HSBC Holdings Plc, and Franklin Templeton, are moving to new systems built on the blockchain. Sandy Kaul, Chief Executive of wealth management firm Franklin Templeton, recently highlighted the transformative impact of blockchain…
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Hong Kong has reportedly hired a group of banks to help set up a digital hub to issue green bonds using blockchain technology. According to a Bloomberg report, the city is in talks with HSBC, Credit Agricole, Bank of China,…
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Legacy bank HSBC announced its latest blockchain endeavor in partnership with a Ripple-owned firm to service institutional clients with demand for real-world assets (RWA) hosted on-chain.
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HSBC leverages blockchain technology to digitize gold assets, aiming to modernize the traditional London gold market.
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The Hong Kong Monetary Authority urges prominent banks to engage with crypto exchanges to stimulate the digital assets industry. The Hong Kong Monetary Authority (HKMA) is urging key banks, including HSBC and Standard Chartered, to onboard cryptocurrency exchanges as clients…
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In a deal facilitated by the British government and the Bank of England, HSBC has acquired the UK arm of Silicon Valley Bank (SVB) for £1, following the collapse of the US lender. The acquisition, financed by HSBC’s UK subsidiary,…
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HSBC does not allow crypto purchases using their cards starting Feb. 23 due to possible customer risk. The financial giant claims that the Financial Conduct Authority (FCA) has warned against investing in crypto assets, considering them high-risk and speculative investments.…
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Following the decline in values and investor interest caused by the FTX exchange's collapse, Goldman Sachs has announced plans to invest in cryptocurrency firms.
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According to the latest news reports, the Federal Reserve Bank of New York and the Global banking giants are initiating a 12-week digital dollar pilot dubbed proof of concept (POC). The pilot aims to test the viability of using tokens…
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According to sources privy to the matter, Metaverse startup Sandbox is on the verge of starting a fresh round of raising capital at a valuation of $4B. The company aims to raise approximately $400 million, targeting both existing and new…
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Banking behemoth HSBC is the latest global institute to hop on the metaverse bandwagon as it partnered with The Sandbox, an official announcement made on March 16 confirms. HSBC Joins the Metaverse Frenzy One of the largest international banks in…
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Wells Fargo and HSBC Bank today announced that they’re planning to settle foreign exchange (forex) transactions on the blockchain, a report by Ledger Insights confirms. Settling Forex Transactions on Blockchain According to a report published today, major global bank HSBC…
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