Financial Banking Giant HSBC Forays Into Crypto and Web3

• The bank has recently advertised several high-level roles in the cryptocurrency sector.
• The new hire will report to the Global Head of Digital Assets and the Head of HSBC Open.

One of the leading banks, HSBC, has recently advertised several high-level roles in the cryptocurrency sector. Suggesting that it may soon join the burgeoning digital asset sector. Recent job postings indicate that the industry’s dominant financial institution is actively seeking to hire a Product Director with responsibility for managing “tokenization” use cases and Web3.

HSBC indicates that the new hire will be reporting to the Global Head of Digital Assets and the Head of HSBC Open. Indicating the importance of the function within the banking giant. Furthermore, the bank says the investments are essential owing to the volatile. And quickly evolving crypto sector and the associated risk appetite.

Rising Crypto Adoption

According to the posting, the successful candidate would be tasked with promoting the company outside before “regulators, clients, and the digital assets ecosystem to position HSBC” as a leader and trailblazer in the development of the digital assets project.

Additionally, the successful applicant will need to conceptualize, create, and execute a globally applicable tokenization proposal. That is financially viable in light of HSBC’s enormity. Concurrently, the chosen candidates for the role of Product Manager for digital assets will be tasked with driving the cryptocurrency industry forward.

Over the years several traditional financial institutions are moving toward the crypto sector. Citing demand and rapid growth as the main reasons. Moreover, the world’s leading bank in December of last year applied to register trademarks with the USPTO. For a slew of digital currency-related goods and services, including those associated with the metaverse and non-fungible tokens (NFTs).