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HSBC to Launch Tokenized Deposits for U.S. and UAE Firms

HSBC to Launch Tokenized Deposits for U.S. and UAE Firms

Author:

Global Cryptocurrency

Published:

2025-11-18 23:58:02

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BTCCSquare news:

HSBC Holdings Plc is expanding its blockchain-based payment solutions with tokenized deposits for corporate clients in the U.S. and UAE, targeting a mid-2024 rollout. The service promises instant, 24/7 cross-border settlements—a direct challenge to traditional banking hours.

The bank's Global Payment Solutions head Manish Kohli describes this as part of HSBC's "big bets" on digital assets, emphasizing liquidity management benefits for corporations. Existing deployments in Hong Kong, Singapore, UK, and Luxembourg already process five major currencies, with UAE dirhams joining next year.

Programmable payments and AI-driven treasury automation are next on HSBC's roadmap. While stablecoin issuance remains under consideration, the MOVE signals accelerating institutional adoption of blockchain infrastructure for enterprise finance.

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