According to a statement dated September 22, HSBC Holdings has launched a tokenized deposit service to support its corporate customers in making secure cross-border transfers. HSBC said the first customer to use the service was Ant International. (Jin Ten)
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 th...