HSBC will offer tokenized deposit services to customers in the United States and the United Arab Emirates.
HSBC Holdings Plc will launch tokenized deposit services for corporate clients in the United States and the United Arab Emirates in the first half of next year. Manish Kohli, Head of Global Payment Solutions at HSBC, stated that the tokenized deposit service allows clients to make domestic and cross-border fund transfers in seconds around the clock, without being limited to working hours. This system helps large enterprises manage liquidity more efficiently.
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