HSBC is using blockchain as opposed to a traditional database because it plans to tokenize the $10B in private placements after it digitizes them.
Source: https://www.coindesk.com/hsbc-puts-10b-of-private-placements-on-r3s-corda-blockchain
Source: https://www.coindesk.com/hsbc-puts-10b-of-private-placements-on-r3s-corda-blockchain
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