HSBC is adding Chris Larsen, the former CEO of distributed ledger firm Ripple, to its newly minted technology advisory board.
Larsen currently serves as the startup's executive chairman, having stepped down as Ripple CEO in November. At the time, he handed the reins to Brad Garlinghouse, a former executive for AOL.
According to HSBC, Larsen and other advisory board members will offer "advice and guidance" on a range of issues, including potential applications of blockchain tech.
Andy Maguire, HSBC’s group chief operating officer, said in a statement:
More recently, the bank became a major stakeholder in the Digital Trade Chain (DTC) project, which aims to develop a platform for trade finance transactions.
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