Mar 28, 2024 07:24 PM

FINANCE

HSBC Launches Tokenized Gold Product in Hong Kong

By Wang Xiaoqing and Qing Na

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What’s new: A unit of banking giant HSBC Holdings PLC has introduced a tokenized gold product for retail investors in Hong Kong as part of the city’s drive to become a global hub for virtual assets.

The product, HSBC Gold Token, is powered by the bank’s Orion digital assets platform and can be traded through its online banking platform and HSBC HK mobile app, according to a statement HSBC Ltd. released on Wednesday.

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