HSBC launches cross-border tokenized deposit service
2025-09-22 15:25:18
HSBC Holdings has launched a tokenised deposit service to support secure cross-border transfers for its corporate clients. The UK bank used blockchain technology to complete the first cross-border US dollar transaction between Hong Kong and Singapore this month. HSBC said the cross-border deal builds on its existing onshore payments product, which launched in Hong Kong and Singapore earlier this year before expanding to the UK and Luxembourg to support other currencies including the pound and the euro.
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