HSBC Orion Becomes First Approved Digital Securities Depository in UK
The UK Financial Conduct Authority approved HSBC Orion as the first entity to provide live Digital Securities Depository services, marking a major step in modernizing market infrastructure for tokenized assets.
Regulator
UK FCA
First Entrant
HSBC Orion
Service Type
Digital Securities Depository
Event Sponsor
Nasdaq
The FCA chief executive highlighted this approval during a speech at a TheCityUK dinner sponsored by Nasdaq. This milestone signals a shift from debating the feasibility of tokenization to focusing on scale, liquidity, and settlement efficiency. It demonstrates that financial infrastructure continues to evolve to support digital assets.
Original summary by the Tokensoft Newsroom based on the cited source; read the source for full details. Not investment advice.