LSE:HSBABanks
What Does HSBC Holdings (LSE:HSBA) Tokenised Deposit Payment Test Mean For Investors?
HSBC Holdings (LSE:HSBA) and Standard Chartered completed the first live cross-border interbank transaction using tokenised deposits on Swift's blockchain-based ledger.
The pilot used Swift's shared ledger to move tokenised deposits between the two banks in different jurisdictions.
The test is part of industry efforts to apply blockchain-style ledgers to mainstream cross-border payments and interbank transfers.
As banks like HSBC start to trial new digital rails for money movement, it may...