• Finextra
• 26 Feb, 2021

HSBC has become the first bank to start using R3's Corda enterprise blockchain network on Google Cloud. HSBC uses Corda for its custody blockchain platform Digital Vault, which digitises the transaction records of private placement assets. The service is live in Asia, with other regions set to follow. The move to Google Cloud will help slash client onboarding times from months to weeks and in the future could also enable the issuance of digital tokens, says the bank.
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