Overview

• The tokenized deposit service is Hong Kong's first bank-led blockchain-based settlement system, officially launched on May 22, 2025.
• HSBC collaborated with Ant International to develop the service, following a successful pilot on Ant’s Whale platform earlier this year.
• Corporate clients can now manage liquidity with real-time, always-on payments between HSBC wallets in Hong Kong and U.S. dollars.
• The initiative reflects a broader trend of banks adopting blockchain as public infrastructure for faster, more transparent financial operations.
• Future plans include expanding the service to Asian and European markets in the second half of 2025.