HSBC Puts $10B of Private Placements on R3’s Corda Blockchain

Coindesk | Mar 27, 2020 at 7:00 AM
  • HSBC has put $10 billion of paper-based private placement records on R3’s Corda blockchain and plans to ramp up the project through this year and next.
  • The bank is using blockchain as opposed to a traditional database because it plans to tokenize the private placements after it digitizes them.
  • Clients can access the Corda platform, which the bank has dubbed “Digital Vault,” through their HSBC online accounts.