HSBC Launches Hong Kong’s First Blockchain-Based Settlement Service with Ant

HSBC launches Hong Kong’s first blockchain-based settlement service with Ant

The service aims to enhance payments with tokenised deposits for swift transactions.

Fnality Joins OSTTRA and Baton Systems’ FX PvP Network - Markets Media

OSTTRA’s FX PvP settlement orchestration service grows as Fnality collaborates with Baton’s distributed ledger technology (DLT) and becomes the first digital settlement system to be added to the network.  OSTTRA and Baton Systems announced a strategic collaboration with Fnality following the successful completion of a proof-of-concept integrating Fnality’s system with their on-demand FX payment-versus-payment (PvP) settlement orchestration servi…

HSBC Launches Hong Kong’s First Blockchain Settlement Service

HSBC Holdings has introduced a blockchain-based settlement platform in Hong Kong, becoming the first financial institution in the region to launch such a service. This initiative represents a notable advancement in the city’s fintech sector, aiming to provide businesses with more secure, efficient, and cost-effective methods for handling transactions. The bank revealed that its tokenized deposit system is capable of converting conventional bank …

HSBC Partners with Ant International on Real-Time Tokenised Treasury Payments - Fintech Hong Kong

Ant International has launched a tokenised deposit solution in collaboration with HSBC. This move enables real-time HKD and USD payments between its corporate wallets at HSBC Hong Kong to enhance treasury management efficiency. The solution is built on HSBC’s new Tokenised Deposit Service, described as the first bank-led, blockchain-based settlement service in Hong Kong. It was developed following a successful joint pilot involving HSBC and Ant …