News, data and analysis on tokenized assets, market design and digital economic systems.
London-headquartered banking group, in business since 1865, whose Tokenised Deposit Service moves client deposits as tokens in five currencies and which was granted a Hong Kong stablecoin issuer licence on 10 April 2026.
London-headquartered banking group that opened for business in Hong Kong in March 1865 and now runs one of the more advanced bank-operated tokenisation stacks. Its Tokenised Deposit Service converts client deposits into tokens on a private HSBC ledger for around-the-clock wallet-to-wallet transfer in EUR, GBP, HKD, SGD and USD, began in Hong Kong as the first bank-led blockchain settlement service there, and was extended to the United States on 13 April 2026; HSBC Orion has issued digital bonds including the first in the Middle East and North Africa and Hong Kong's first multi-currency digital bond. On 10 April 2026 the Hong Kong Monetary Authority granted HSBC a stablecoin issuer licence, and the bank has said it will launch an HKD-denominated token in the second half of 2026 backed by high-quality liquid assets in segregated accounts, putting deposit tokens and an issued stablecoin on the same balance sheet.
Developments in which HSBC Holdings plc is a named party, newest first.
The Hong Kong Monetary Authority granted its first stablecoin issuer licences on 10 April 2026 to HSBC and to Anchorpoint Financial, a joint venture led by Standard Chartered with Animoca Brands and HKT. The two licences were selected from 36 applications…
The Hong Kong SAR government settled an HK$800m tokenised green bond with a 365-day tenor, priced the previous day at 4.05%, on Goldman Sachs's GS DAP private blockchain platform. The HKMA's Central Moneymarkets Unit acted as clearing and settlement system, with HSBC as trustee and custodian alongside Bank of China (Hong Kong).
What issued, what settled, what the supervisors changed, with the numbers behind it and a note on what the numbers do not show. One email, Thursday mornings.
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