HSBC Expands Tokenized Deposit Services to US and UAE Markets in 2026
HSBC Holdings Plc is set to launch tokenized deposit services for corporate clients in the United States and the United Arab Emirates by the first half of 2026. The MOVE leverages the bank's proprietary Distributed Ledger Technology (DLT), enabling real-time settlement and 24/7 transaction capabilities.
The initiative builds on HSBC's existing Tokenized Deposit Service (TDS), which debuted in Hong Kong and Singapore before expanding to cross-border transactions and additional markets like the UK and Luxembourg. Tokenized deposits aim to streamline corporate treasury operations by eliminating time-zone constraints and automating reconciliation processes.
This expansion underscores a broader trend of traditional financial institutions adopting blockchain solutions to enhance payment efficiency. HSBC's digital asset strategy also includes ventures into tokenized commodities like gold, reflecting institutional confidence in blockchain's transformative potential for global finance.