Hong Kong trust company Legacy Trust creates settlement layer for institutional investors trading fiat and cryptocurrencies

According to CoinDesk, Hong Kong traditional trust company Legacy Trust's digital asset unit FDT has plans to create Asia's first settlement layer for institutional investors trading fiat and cryptocurrencies. FDT today announced that its new Rapid Settlement and Clearing Network (RSCN) will provide escrow customers, including some of Asia's most famous OTC platforms and financial institutions, with the means to seamlessly transfer digital assets across the region.