HSBC Launches Blockchain-Based Tokenised Deposit Service in Hong Kong

August 3, 2025

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HSBC has launched a blockchain-based tokenized deposit service for its Hong Kong corporate clients, marking the first bank-led blockchain payment system in the region. This “always on” service enables clients with corporate wallets to instantly convert USD to HKD.

The initiative allows for faster and more efficient transactions. This is a significant move towards embracing digital assets and aligning with the Hong Kong Monetary Authority’s (HKMA) Project Ensemble. Project Ensemble is exploring the broader tokenization landscape and how to integrate digital assets into the financial system.

HSBC’s adoption of blockchain technology demonstrates its commitment to innovation and positions it as a leader in leveraging new technologies to enhance financial services for its corporate clients.

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HSBC Launches Blockchain-Based Tokenised Deposit Service in Hong Kong

August 3, 2025

, Published By Gadget360

HSBC has launched a blockchain-based tokenized deposit service for its Hong Kong corporate clients, marking the first bank-led blockchain payment system in the region. This “always on” service enables clients with corporate wallets to instantly convert USD to HKD.

The initiative allows for faster and more efficient transactions. This is a significant move towards embracing digital assets and aligning with the Hong Kong Monetary Authority’s (HKMA) Project Ensemble. Project Ensemble is exploring the broader tokenization landscape and how to integrate digital assets into the financial system.

HSBC’s adoption of blockchain technology demonstrates its commitment to innovation and positions it as a leader in leveraging new technologies to enhance financial services for its corporate clients.

Disclaimer

We strive to uphold the highest ethical standards in all of our reporting and coverage. We StartupNews.fyi want to be transparent with our readers about any potential conflicts of interest that may arise in our work. It’s possible that some of the investors we feature may have connections to other businesses, including competitors or companies we write about. However, we want to assure our readers that this will not have any impact on the integrity or impartiality of our reporting. We are committed to delivering accurate, unbiased news and information to our audience, and we will continue to uphold our ethics and principles in all of our work. Thank you for your trust and support.

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Previous News

Microsoft Says Xbox Chief Phil Spencer Not Retiring ‘Anytime Soon’ After Rumour Surfaces Amid Layoffs

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IT Orchestration Is the Secret Behind Smooth, Scalable IT Operations

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