HSBC Holdings launches cross-border tokenized deposit service

According to Foresight News, HSBC Holdings has launched a tokenized deposit service to support its corporate customers to securely transfer money across borders. According to a statement released on September 22, the British bank completed its first cross-border dollar transaction between Hong Kong and Singapore through blockchain technology this month. HSBC said the cross-border transaction is based on its existing domestic payments product, which was launched earlier this year in Hong Kong and Singapore, and then expanded to the UK and Luxembourg to support other currencies including the pound and the euro.
Disclaimer: The views in this article only represent the author's personal views and do not constitute investment advice of this platform. This platform does not make any guarantees for the accuracy, completeness, originality and timeliness of article information, nor is it liable for any losses caused by the use or trust in article information.