• Press Releases
    • Submit a press release
    • Read All
  • Contact us
Advertise
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
        • Ethereum Casinos
        • Solana Casinos
        • LiteCoin Casinos
        • DogeCoin Casinos
        • Live Crypto Casinos
        • New Casinos
        • Instant Withdrawal Casinos
        • Cash App Casinos
        • No KYC Casinos
        • VPN Casinos
        • Offshore Casinos
          • Crypto Casinos IT
          • Crypto Casinos ES
            • All Guides
          • Crypto Casinos JP
          • Crypto Casinos SG
          • Crypto Casinos MY
          • Crypto Casinos KR
          • No GAMSTOP Casinos in UK
          • No Cruks Casinos NL
      • Crypto Betting
        • No ID sportsbooks
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
        • Aviator Sites
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Bitcoinist.com
No Result
View All Result
Breaking News: FTX Trust Sues Genesis To Recover $1 Billion Allegedly Misappropriated By SBF
Crypto

Crypto Love: Why HSBC Has A Change Of Heart And Finds New Interest In Digital Currency

Christian Encila
by Christian Encila
2 years ago
·
Posted in Crypto News
Trusted Editorial content, reviewed by leading industry experts and seasoned editors. Ad Disclosure

The banking behemoth HSBC announced in September last year that it will not offer crypto services. Its CEO at the time, Noel Quinn, was concerned about the “sustainability” of crypto prices, and the bank was more “negative” than other institutions on the digital asset class, citing the volatility of cryptocurrencies.

“As a bank, we’re not getting into the crypto world, crypto trading, crypto exchanges,” Quinn said.

Not long after making that statement, HSBC would deliver a different tone in December that same year when it announced it filed trademark applications with the United States Patent and Trademark Office (USPTO) for a variety of digital currency products and services.

Related Reading: Why Alameda Research Is Suing Voyager Digital For $446 Million

Prior to disclosing its “negative” attitude on digital currencies, HSBC entered the metaverse in March 2022 through a partnership with blockchain-based virtual gaming platform The Sandbox.

Cryptocurrencies and the idea of the metaverse are related because you need a virtual currency to do business in the digital space. Crypto and the metaverse are linked in the minds of many tech developers and investors.

Crypto

Image: FXVNPRo

HSBC Prepares To Venture Into Crypto

At the time of writing, reports indicated that HSBC, the largest British bank, was now prepared to enter the virtual currency market.

Specifically, the banking powerhouse is recruiting a Product Director for “tokenization use” and Web3, which suggests that it intends to offer a wide array of bitcoin-related services, according to job advertisements released on Monday.

The rapidly expanding bitcoin landscape has demanded that HSBC establish a presence in this industry, according to HSBC.

In addition, the prospective candidate must be capable of conceptualizing, constructing, and carrying out a broad tokenization proposal that is economically viable taking into consideration the size of HSBC.

Wanted: Product Chief For Digital Assets

Likewise, competent individuals for the role of Product Manager for digital assets will be held responsible for furthering the objective for digital currencies.

Theoretically, tokenization technology can be applied to all types of sensitive data, such as bank transactions, loan applications, stock trading, medical records, and automobile driver information, to name a few.

Web3 is promoted as the Internet’s future. The concept for this future blockchain-based web incorporates cryptocurrencies, non-fungible tokens, decentralized finance, and more.

HSBC said the responsibilities of the chief of tokenization will include the “strategic creation and day-to-day management of governance forums and panels to effectively and transparently drive the digital assets agenda.”

Crypto total market cap at $996 billion on the daily chart | Chart: TradingView.com
Related Reading: Cardano Shows Big Promise For February – Will ADA Get Some Love At $1?

HSBC Holdings is a multinational bank and financial services firm with headquarters in London. It is among the world’s largest banks in terms of total assets.

It is hardly the only large bank contemplating entry into the sector. In recent years, competitors including JPMorgan Chase & Co. have released crypto-related products.

Featured image by Bitcoin Exchange Guide

Editorial Process for bitcoinist is centered on delivering thoroughly researched, accurate, and unbiased content. We uphold strict sourcing standards, and each page undergoes diligent review by our team of top technology experts and seasoned editors. This process ensures the integrity, relevance, and value of our content for our readers.
ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Christian Encila

Christian Encila

Follow

Christian, a journalist and editor with leadership roles in Philippine and Canadian media, is fueled by his love for writing and cryptocurrency. Off-screen, he's a cook and cinephile who's constantly intrigued by the size of the universe.

Full Profile

Related Posts

Crypto

Crypto Millionaires Surge 40%—Now Topping 240,000 Worldwide: Study

1 hour ago
CFTC Eyes Stablecoins as Collateral – A Big Win for Best Wallet

CFTC Eyes Stablecoins as Collateral – A Big Win for Best Wallet & $BEST Token

4 hours ago
Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 24)

Next Crypto to Explode Live News Today: Timely Insights for Chart Sniffers (September 24)

8 minutes ago
Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 24)

Bitcoin Hyper ($HYPER) Live News Today: Latest Insights for Bitcoin Maxis (September 24)

8 minutes ago
‘Bitcoin’s Value to Rise to $3.4M by 2028?’ Asks Arthur Hayes, While Bitcoin Hyper Raises Nearly $18M.

‘Bitcoin’s Value to Rise to $3.4M by 2028?’ Asks Arthur Hayes, While Bitcoin Hyper Raises Nearly $18M

5 hours ago
Morgan Stanley

Morgan Stanley Set To Launch Bitcoin And Crypto Trading Services By 2026

7 hours ago

Premium Sponsors

Press Releases

  • 加密錢包掀起發幣熱潮 Best Wallet...

    9 hours ago
  • Bitcoin Hyper

    ChatGPT предсказва следващата 1000x...

    1 day ago
  • Snorter надхвърли $4 милиона след...

    2 days ago
  • ตัวละครสัตว์ Snorter หน้าตลกโผล่พ้นกำแพงอิฐ

    นักลงทุนแห่เข้าซื้อ...

    5 days ago
  • Little Pepe ($LILPEPE) presale crosses $25 million milestone as investors eye exchange listings and meme coin Layer-2 blockchain growth.

    Little Pepe Presale Surges Past $25M as Stage 12 Sells Out...

    6 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

About Us

  • Advertise
  • Contact us
  • Editorial Policy
  • Privacy Policy
© 2025 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
    • Price
      • Bitcoin Price
      • Ethereum Price
      • Binance Coin Price
      • Litecoin Price
  • Industry
    • Industry News
    • Press Releases
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • How to do Crypto Gambling
      • Crypto Casinos
      • Crypto Betting
    • Play Crypto Games
      • Crypto Poker
      • Crypto Slots
      • Crypto Blackjack
      • Crypto Crash Gambling
      • Plinko
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
  • Events
  • Play Games
Advertise

© 2025 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.