HSBC successfully trials quantum-secure technology for trading tokenised physical gold

This development marks a significant advancement in protecting digital assets against future quantum computing attacks, a growing concern in the fintech industry.

HSBC successfully trialled quantum-secure technology for trading tokenised physical gold, a move to protect digital assets from future quantum computing attacks.

In 2023, HSBC became the first global bank to offer tokenised physical gold to institutional investors using distributed ledger technology (DLT).

DLT is a decentralised digital system for recording transactions across multiple computers, enhancing transparency and security in financial transactions.

Philip Intallura, Global Head of Quantum Technologies at HSBC, said: “HSBC was the first international bank to offer tokenised physical gold and is now building on that innovation with cutting-edge cybersecurity protection for the future.”

HSBC later expanded its offering with the launch of HSBC Gold Token for retail investors in Hong Kong.

This product enables fractional ownership of physical gold, making this valuable asset class more accessible to a broader range of investors.

“The introduction of HSBC Gold Token for retail investors is a significant step in making gold investment more accessible,” Philip added.

“It's part of our broader strategy to leverage technology in making financial products more inclusive.”

The above is the detailed content of HSBC successfully trials quantum-secure technology for trading tokenised physical gold. For more information, please follow other related articles on the PHP Chinese website!