HSBC Launches Tokenized Deposits for Corporate Users in the U.S. and UAE

HSBC Holdings Plc is set to launch its Tokenized Deposit Service (TDS) for corporate clients in the United States and the United Arab Emirates in the first half of 2026. This expansion follows an announcement made in an interview with Bloomberg on November 18, 2025, positioning TDS as a 24/7 payment system powered by blockchain technology. The launch is supported by the GENIUS Act, which facilitates institutional adoption of stablecoins and helps to increase confidence in the service.