HSBC Introduces Tokenized Deposits for Corporate Clients in US & UAE

HSBC is expanding its tokenized deposit services to the United States and United Arab Emirates, aiming to enhance corporate banking with 24/7 cross-border fund transfers. The move will empower large enterprises by enabling real-time liquidity management and paving the way for programmable payments and automation in financial operations. The company’s innovative solution is based on blockchain technology, offering multiple fiat currency support including the UAE dirham. This expands upon successful launches of tokenized deposit services in Hong Kong and Singapore, demonstrating a focus on regulated, 24/7 programmable bank-issued tokens.