Skip to main content

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 sounds like an interesting idea, HSBC hasn’t clarified the potential cost savings of using such a system. Banking on blockchain As…

This story continues at The Next Web

from The Next Web https://ift.tt/2q2GLgo
Labels:

Comments

Post a Comment

Popular posts from this blog

TNW Podcast: Boris comes over to co-host; Slack’s Cal Henderson talks European tech

 Welcome to the new episode of the TNW Podcast — the show where we discuss the latest developments in the European technology ecosystem and feature interviews with some of the most interesting people in the industry. In today’s episode, Andrii is joined by Boris Veldhuijzen van Zanten, co-founder, member of the board, and former CEO of TNW. The topics discussed include the jobs created by Dutch startups, giant state funding for energy projects, translations of the word ‘computer’, and a bunch of other things in between. In the interview section, we’re featuring a conversation with Cal Henderson, co-founder and… This story continues at The Next Web from The Next Web https://ift.tt/jUgcNFD
Post a Comment
Read more

How to copy and paste multiple text snippets on Android and iOS

Welcome to TNW Basics, a collection of tips, guides, and advice on how to easily get the most out of your gadgets, apps, and other stuff. As much as it’s now fairly easy to type quickly on touchscreen keyboards these days, it can be more laborious than using a desktop with a full-sized physical keyboard — especially if you need to format your text and enter special characters. I’ve got a tip for you. Google’s Gboard and Microsoft’s SwiftKey keyboard apps come with handy clipboards that let you save multiple snippets of text that you can retrieve and paste anywhere with… This story continues at The Next Web Or just read more coverage about: Android from The Next Web https://ift.tt/3viCVf5
Post a Comment
Read more

Google wants you to complete simple tasks for hard cash in its new app

If you’ve ever wanted to work for Google, now’s your best chance. The company has a new app called Task Mate that lets you earn money by completing tasks such as taking pictures of storefronts or recording short voice clips. At the moment, the app is live only for users in India. Plus, you’ll need an invitation code to sign up and start working on these tasks — it appears there aren’t many codes around yet. [Read: Here’s how to make your website more accessible] The firm already has an app called Google Opinion Rewards that asks you questions about its… This story continues at The Next Web Or just read more coverage about: Google from The Next Web https://ift.tt/2UXm3KO
Post a Comment
Read more