HSBC

HSBC Subsidiary to Acquire Silicon Valley Bank's UK Unit for 1 British Pound
Depositors will be protected, the U.K. government said, as it seeks to limit wider economic fallout from the bank's collapse.

Wells Fargo, HSBC Add Offshore Yuan to Blockchain Foreign-Exchange System
The banking giants have settled over $200 billion in transactions using the blockchain-based system.

Singapore Starts Two New Token Pilots With Standard Chartered, HSBC and Others
The two new pilots will focus on using DeFi in trade finance and wealth management.

China’s State-Backed Open-Source Blockchain Enlists Hong Kong's HSBC, Emperor Group
The project is encouraging the use of blockchain technology without the use of cryptocurrencies.

The Sandbox Looks to Raise $400M at $4B Valuation: Report
The metaverse platform is in talks with new and existing investors.

HSBC Starts Metaverse Fund for Private Banking Clients in Asia
The Metaverse Discretionary Strategy portfolio aims to capture opportunities arising from the next iteration of the internet, the bank said.

Grab’s Technology Head Departs to Lead Metaverse Gaming Firm Ethlas: Report
Many high-level executives of traditional technology firms have left their jobs to dive into the metaverse, with Grab’s head of technology, Wui Ngiap Foo, being the latest.

HSBC Enters the Sandbox Metaverse; NFTs Coming to Instagram
Do banks have a place in the metaverse? HSBC is the first global bank to buy a plot of land in the Sandbox metaverse, which it will develop to engage with e-sports and gaming fans. "HSBC has recognized where the market is," CoinDesk Managing Editor Christie Harkin says, adding that nobody wants a bank in the digital world. Plus, Meta CEO Mark Zuckerberg says NFTs are coming soon to Instagram. "The Hash" crew discusses the flood of institutions in the metaverse and the inevitability of NFTs on the social network.

HSBC Enters the Metaverse Through Partnership With The Sandbox
The bank wants to engage with sports, e-sports, and gaming fans on the metaverse.


