HSBC Launches Corporate Treasury Management Solution Based on Tokenized Deposits in Hong Kong

According to a report by Jinse Finance, HSBC has announced the launch of a corporate treasury management solution in Hong Kong based on tokenized deposits, marking the first blockchain settlement service provided by a bank locally. HSBC Hong Kong corporate clients can transfer and pay in HKD or USD between wallets held by different companies under their name, without being restricted by transaction times and can be completed in real-time. Additionally, this solution also supports fund settlements required for other tokenized use cases, including the Ensemble project use case led by the Hong Kong Monetary Authority.