- New lead analyst role based in Hong Kong to drive HSBC blockchain strategy.
- Comes as HSBC launches crypto custody plans and joins CBDC pilot.
- Follows blockchain hiring trend despite AI roles outpacing crypto postings.
Bank Builds Up Crypto Capabilities in Hong Kong
The role based in Hong Kong involves leading the analysis of HSBC’s blockchain and digital asset strategies. Responsibilities include designing architecture diagrams and documentation of business processes.
The job listing requests candidates have working knowledge of blockchain, especially related to crypto assets. Experience with NFTs, wallets, and the metaverse is desired.
Collaborating Across Bank
The new lead analyst will collaborate with technical teams on developing HSBC’s digital asset products. They must ensure correct translation of business needs into technical specifications.
The role also requires leading agile squads and managing IT projects to meet HSBC’s banking governance standards.
This blockchain hiring comes as HSBC ramps up its crypto capabilities. Recently, it partnered with digital asset custodian Fireblocks, suggesting HSBC may offer institutional custody services.
HSBC sees major potential in asset tokenization. A report with Northern Trust forecast that over 5% of financial assets will be tokenized by 2030.
The bank is now positioning to capitalize on this trend. It also joined Hong Kong’s central bank digital currency pilot for programmable CBDCs.
Wider Industry Trend
HSBC joins other Web2 firms hiring more blockchain talent amid the crypto bear market. Companies like Deloitte, LG and Konami are filling hundreds of Web3 roles.
Yet AI job listings have outpaced crypto postings in the downturn. This highlights a shift towards generative AI as the primary innovation focus.
Still, major players like HSBC continue building their blockchain capabilities. They aim to prepare for the mainstream rise of digital assets and tokenization predicted this decade.
HSBC seeks to leverage its scale and resources to cement itself as a banking leader in the coming blockchain revolution. Adding crypto-focused analysts and experts provides the talent to make this vision a reality.
Disclaimer: Please note that the viewpoints and perspectives expressed by the author, as well as any individuals referenced in this article, are intended solely for informational purposes. They should not be construed as financial or investment advice. It’s important to acknowledge that investing in or trading cryptoassets carries inherent financial risks.