HSBC - EXCLUSIVE: Ripple's Brendan Berry On 2024 Trends Why Crypto's 'Second Wave' Is All About Utility | Benzinga
Earlier this year, Ripple expressed optimism that following a pivotal court decision not classifying XRP (CRYPTO: XRP) as a security, U.S. banks and financial institutions would begin to embrace XRP for international payments.
And they were right, Ripple's Head of Payments Brendan Berry told Benzinga at its recent Future Of Digital Assets event.
HSBC Holdings plc (NYSE: HSBC), for example, announced last week that it would soon offer a custody service for its digital assets like tokenized securities to its institutional clients. The bank tapped Metaco, a Ripple Labs-owned technology firm, to handle safekeeping services.
"HSBC announced a partnership with Metaco, which is a company that we acquired, that is using digital asset custody to bring tokenized securities to their customer base," Berry said. "But more broadly, there's countless examples of people solving real customer problems by applying this technology."
Watch the video below.
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