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HSBC plunges into the metaverse via Sandbox partnership

Global banking giant HSBC has purchased a plot of virtual land in The Sandbox metaverse as part of a newly announced deal with the virtual world platform. Financial and other details of the partnership were not disclosed.

Delighted to announce we’ve partnered with @HSBC, one of the world’s largest international banking & financial services providers!
Bringing a host of opportunities to engage with global financial services & sports communities in The Sandbox Metaverse.https://t.co/GmQ3lrVmnB
— The Sandbox (@TheSandboxGame) March 16, 2022

HSBC is currently the second-largest bank in Europe by assets and its partnership with The Sandbox marks the first time a global bank has made a direct investment in the metaverse.
“We believe this is the beginning of a broader adoption of Web3 and the metaverse by institutions driving brand experiences and engagement within this new ecosystem.”
COO and co-founder of The Sandbox Sebastien Borget said about the partnership.
HSBC bul

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