According to BlockBeats, HSBC's Chief Digital, Data, and Innovation Officer, Zhu Kuang Lee, announced that the bank will concentrate its blockchain applications on three main areas: digital asset custody, the HSBC Orion platform, and tokenization. Over the past year and a half, HSBC's private blockchain, HSBC Orion, has successfully issued more than ten bonds in regions like Hong Kong, with a total issuance exceeding $1.5 billion.
Additionally, Zhu Kuang Lee disclosed that China Asset Management Company (China AMC) has appointed HSBC as the tokenization agent for the pilot program under Project Ensemble in Hong Kong.