HSBC Bank will provide tokenization-based deposit services to clients in the United States and the United Arab Emirates

By: theblockbeats.news|2025/11/19 00:15:54

0

Share

copy

BlockBeats News, November 19th, according to Bloomberg, HSBC Holdings Plc will begin offering tokenized deposit services to its corporate clients in the US and the United Arab Emirates in the first half of next year. Manish Kohli, Global Head of Payments and Receivables at HSBC Bank, stated that the tokenized deposit service will allow customers to achieve real-time, 24/7 domestic and cross-border fund transfers without being limited to business hours, helping large enterprises manage liquidity more efficiently.

HSBC Bank's tokenization service has already been launched in Hong Kong, Singapore, the UK, and Luxembourg, with the bank currently supporting transactions in Euro, Pound Sterling, US Dollar, Hong Kong Dollar, and Singapore Dollar. Kohli stated that when the service expands to the Middle East next year, the UAE Dirham will be added.

According to Kohli, HSBC plans to expand the application scenarios of tokenized deposits in programmable payments and autonomous treasuries, which use automation and artificial intelligence to independently manage cash and liquidity risks; furthermore, HSBC Bank is also exploring the stablecoin industry and is currently in discussions with some stablecoin issuers to provide reserve management and settlement account services.

-- Price

You may also like

DeFi is trapped in the most dangerous prisoner's dilemma in history

DeFi is trapped in the most dangerous prisoner's dilemma in history

This incident has returned to the classic dilemma of cryptography: pragmatic security vs completely decentralized security.

Exclusive Interview with Jeff Hoffman: How Web3 and AI are Reshaping the Trillion-Dollar Social Travel Market

Exclusive Interview with Jeff Hoffman: How Web3 and AI are Reshaping the Trillion-Dollar Social Travel Market

The most valuable platforms will not only be aggregators of suppliers, but they will also have relational networks around payments, loyalty, and communities.

After the KelpDAO hack, AAVE's situation is worse than you think

After the KelpDAO hack, AAVE's situation is worse than you think

October 10 is the CEX-driven collapse, an epic failure in DeFi risk mitigation.

Atkins Marks One-Year Anniversary at SEC: Crypto Regulation Shifts from ‘Enforcement Heavy’ to ‘Rulemaking Mode’

Atkins Marks One-Year Anniversary at SEC: Crypto Regulation Shifts from ‘Enforcement Heavy’ to ‘Rulemaking Mode’

Before the bill is passed, the SEC's cryptocurrency regulatory framework remains in a transition state of "administrative guidance + enforcement actions."

Under Political Pressure, Is the Federal Reserve Still Independent?

Under Political Pressure, Is the Federal Reserve Still Independent?

Powell believes that political pressure is not a threat, and what truly determines the Fed's independence is the Fed itself.

Yellen's Past Remarks: How Will This Incoming "Fed Chair" Disrupt the Federal Reserve?

Janet Yellen, who is expected to become the next Chair of the Federal Reserve, has made several significant statements in the past regarding monetary policy, financ...

Yellen's Past Remarks: How Will This Incoming "Fed Chair" Disrupt the Federal Reserve? Janet Yellen, who is expected to become the next Chair of the Federal Reserve, has made several significant statements in the past regarding monetary policy, financ...

Powell's reform blueprint not only looks bold and ambitious, but also directly targets many vulnerabilities of the Federal Reserve. Facing the upcoming Senate confirmation hearing, how will this Fed's presumptive new "helmsman" reshape the future of the world's largest central bank?

ZachXBT vs. RAVE: Is a “Clean” Market Really What Speculators Want?

ZachXBT vs. RAVE: Is a “Clean” Market Really What Speculators Want?

While cleaning up manipulation, it may also involve cleaning up liquidity

Arbitrum Poses as Hacker, 'Steals' Back Money Lost by KelpDAO

Arbitrum Poses as Hacker, 'Steals' Back Money Lost by KelpDAO

Even though Arbitrum wielded the admin key, the battle is far from over.

Without Cook's Apple, Can it Still Grow in the AI Era?

Without Cook's Apple, Can it Still Grow in the AI Era?

The iPhone Remains at its Peak, But Apple is at a Turning Point

Saylor's Bitcoin Holdings Surpass BlackRock, How Does This "Bitcoin Financing Machine" STRC Work?

Saylor's Bitcoin Holdings Surpass BlackRock, How Does This "Bitcoin Financing Machine" STRC Work?

Funding Cap is not equal to Execution Path; whether Bitcoin can cooperate is the true variable.

What Is RWA? What Is RWA in Crypto (Complete 2026 Guide)

What Is RWA? What Is RWA in Crypto (Complete 2026 Guide)

Wondering what is RWA in crypto? We explain what RWA is, break down RWA tokenization in simple no-jargon terms, and cover why it's 2026's hottest crypto narrative.

What Is the KelpDAO Attack? What It Means for Aave Users in 2026

What Is the KelpDAO Attack? What It Means for Aave Users in 2026

KelpDAO suffered a $292M rsETH exploit on April 18, 2026, triggering Aave market freezes and $13B DeFi outflows. Here’s what happened, whether Aave is safe now, and what users should do next.

Is your gold really "within reach"? The geographical blind spots of custodial services behind tokenized gold

Is your gold really "within reach"? The geographical blind spots of custodial services behind tokenized gold

When "complete physical support" does not equal "truly desirable," the risks are just beginning to emerge.

Cook Passes the Baton, Anthropic Gears Up | Rewire News Morning Brief

Cook Passes the Baton, Anthropic Gears Up | Rewire News Morning Brief

In the window of AI reshaping the hardware landscape, Apple has chosen a Maker

Will the Fed Cut Interest Rates Again? Tonight's Data Is Key

Will the Fed Cut Interest Rates Again? Tonight's Data Is Key

Citi believes geopolitical turbulence is temporary and the rate cut trajectory remains unchanged. Meanwhile, Deutsche Bank warns that the policy has reached a neutral stance, with no interest rate cuts in the foreseeable future.

The person taking over Apple has to do something he has never done before

The person taking over Apple has to do something he has never done before

Software, AI, services—areas he never directly controlled in his 25-year Apple career

Why Are You Always Losing Money on Polymarket? Because You're Betting on News, While The Rulebook Favors Insiders

Why Are You Always Losing Money on Polymarket? Because You're Betting on News, While The Rulebook Favors Insiders

At Polymarket, most people who bet incorrectly are not wrong in their prediction but rather in not having read the rules carefully.

Not a Price Hike, but a Supply Shortage? Oil Price Has Crossed the Threshold

Not a Price Hike, but a Supply Shortage? Oil Price Has Crossed the Threshold

A $95 Per Barrel Price Is Far From Enough to Rebalance the Oil Market

DeFi is trapped in the most dangerous prisoner's dilemma in history

This incident has returned to the classic dilemma of cryptography: pragmatic security vs completely decentralized security.

Exclusive Interview with Jeff Hoffman: How Web3 and AI are Reshaping the Trillion-Dollar Social Travel Market

The most valuable platforms will not only be aggregators of suppliers, but they will also have relational networks around payments, loyalty, and communities.

After the KelpDAO hack, AAVE's situation is worse than you think

October 10 is the CEX-driven collapse, an epic failure in DeFi risk mitigation.

Atkins Marks One-Year Anniversary at SEC: Crypto Regulation Shifts from ‘Enforcement Heavy’ to ‘Rulemaking Mode’

Before the bill is passed, the SEC's cryptocurrency regulatory framework remains in a transition state of "administrative guidance + enforcement actions."

Under Political Pressure, Is the Federal Reserve Still Independent?

Powell believes that political pressure is not a threat, and what truly determines the Fed's independence is the Fed itself.

Yellen's Past Remarks: How Will This Incoming "Fed Chair" Disrupt the Federal Reserve? Janet Yellen, who is expected to become the next Chair of the Federal Reserve, has made several significant statements in the past regarding monetary policy, financ...

Powell's reform blueprint not only looks bold and ambitious, but also directly targets many vulnerabilities of the Federal Reserve. Facing the upcoming Senate confirmation hearing, how will this Fed's presumptive new "helmsman" reshape the future of the world's largest central bank?

Contents

Popular coins

Latest Crypto News

20:42

A certain whale increased its holdings by 40,000 HYPE, approximately 1.63 million USD

According to Onchain Lens monitoring, a certain whale withdrew 40,000 HYPE (approximately 1.63 million USD) from Gate. Currently, this whale holds a total of 324,557 HYPE, valued at approximately 13.28 million USD.

20:42

0G Foundation has partnered with Alibaba Cloud to launch on-chain access to the Qianwen large model for AI agents

The 0G Foundation announced a partnership with Alibaba Cloud to launch on-chain access to the Qianwen large model for AI agents.This move shifts artificial intelligence infrastructure from centralized, API-based systems to programmable, tokenized access specifically designed for autonomous agents. T...

20:42

The UK announces a regulatory integration plan for stablecoins and tokenized deposit payments

The UK Treasury announced a regulatory scheme during London Fintech Week, planning to incorporate stablecoins and tokenized deposits into a unified regulatory framework with traditional payment services.The scheme aims to regulate stablecoins used for payments under the upcoming issuance regime, whi...

20:42

U.S. retail sales month-on-month exceeded expectations, and the dollar index rose slightly

According to Jinshi reports, the U.S. retail sales month-on-month rate exceeded expectations, causing the dollar index DXY to rise slightly in the short term, while spot gold fell by 14 dollars in the short term.

20:42

Eightco disclosed that its WLD holdings have increased to over 283,452,700 coins, with an ETH holding of 11,068 coins

According to PRNewswire, Nasdaq-listed company Eightco Holdings (ORBS) has updated its holdings, revealing that the total value of its assets has increased to approximately $336 million, including: 283,452,700 Worldcoin (WLD), 11,068 ETH, a $90 million investment in OpenAI, a $25 million investment ...

WLD