HSBC and Chinese tech company Ant Group have successfully implemented tokenised deposits for advanced treasury solutions in Hong Kong in the latest in a series of digital trade settlement developments by HSBC.
According to the bank, the initiative, carried out under the Hong Kong Monetary Authority’s (HKMA’s) fintech supervisory sandbox, showcases the level of banking capabilities in the region. It will continue to use tokenised deposits and other financial innovations to enhance and simplify treasury management for clients.
