With the launch of its retail gold token in Hong Kong, HSBC is the first bank to issue a digital twin of a real-world asset to everyday investors. The move is a showcase of its distributed ledger capabilities, and tests the waters for additional tokenised assets in more jurisdictions, according to industry experts.
According to Xian Chan, global head of digital assets, investments and wealth solutions at HSBC, the bank “will continue to look into tokenising more assets”.
