HSBC swaps paper records for blockchain to track $20 billion worth of assets
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LONDON (Reuters) - HSBC aims to shift $20 billion (£15 billion) worth of assets to a new blockchain-based custody platform by March, in one of the biggest deployments yet of the widely-hyped but still unproven technology by a global bank.The platform, known as Digital Vault, will give investors real-time access to records of securities bought on private markets, HSBC told Reuters, and seeks to capitalise on booming interest in such investments by yield-hungry investors.Banks and other..