Key Highlights: HSBC is actively developing tokenized deposits to represent claims on existing bank deposits, targeting corporate clients and high-net-worth individuals. Ride-hailing giant Uber has shown interest in utilizing HSBC’s tokenized deposit solution to navigate liquidity and corporate cash management challenges. While trading volume currently shows the service remains in its early phase, the Canton ...
Key Highlights A corporate treasury pilot tested tokenized shares in Franklin Templeton’s money market fund alongside tokenized HSBC commercial bank deposits on blockchain infrastructure. The initiative utilized delivery-versus-payment (DvP) mechanisms to settle investments and cash simultaneously, eliminating settlement lag and counterparty exposure. Ride-hailing giant Uber participated in the trial, evaluating the technology to enhance yield ...
Key Highlights: A new blockchain pilot successfully demonstrated the integration of tokenized money market fund shares from Franklin Templeton with tokenized HSBC bank deposits. The trial utilized delivery-versus-payment settlement, allowing investments and payments to execute synchronously on the same network to eliminate settlement risk. Uber tested the architecture to explore continuous, 24/7 corporate liquidity management, ...
Key Highlights: HSBC has introduced RedCoin, a proprietary Hong Kong dollar-pegged stablecoin, natively integrated into its PayMe digital wallet. RedCoin runs on HSBC’s internal distributed ledger network, is fully backed 1:1 by segregated liquid assets, and can be used directly at any merchant accepting PayMe. HSBC HK Mobile Banking App integration is planned for later ...
Key Highlights Trade.xyz swaps track perpetual futures for stocks and commodities on the Hyperliquid crypto derivatives exchange, allowing round-the-clock trading without an expiration date. Ripple Prime manages clients’ collateral and risk, while the dollar-pegged RLUSD stablecoin can be used to back trades after Ripple connected its brokerage to Hyperliquid in February. Nearly $52 million in ...
Key Highlights HSBC has named its forthcoming Hong Kong dollar stablecoin HSBC RedCoin. The stablecoin is planned to launch before the end of the year through PayMe and the HSBC HK Mobile App. Initial use cases will focus on person-to-person transfers and person-to-merchant payments before potential expansion to corporate and institutional applications. HSBC Names Hong ...
Key Highlights: Cross-border remittances and merchant payments were each recognized by 52%. HSBC said 60% correctly identified stablecoins as fiat-backed digital assets. HSBC is expanding digital-asset education while testing tokenized sterling deposits in live customer transactions. HSBC highlights gaps in stablecoin understanding HSBC said cross-border remittances and merchant payments were each recognized by 52% in ...
Key Highlights London Stock Exchange Group (LSEG) plans to launch 24/5 trading under the LSEG24 brand in the first half of 2027, alongside a new digital securities depository and tokenized equity products. LSEG has partnered with crypto exchange Kraken for listings on the digital depository and signed a memorandum of understanding with HSBC for an ...