HSBC announced the launch of its Tokenized Deposit Service in the United States, expanding its digital money capabilities to enable real-time funds movement across jurisdictions in a regulatory-compliant environment.
- Service combines traditional deposits with blockchain rails for 24/7 transfers
- TDS already operates in Hong Kong, Singapore, Luxembourg, and UK
- Service supports multiple currencies including EUR, GBP, HKD, SGD, USD
- Clients can transfer funds instantly between treasury centers and subsidiaries
- TDS aims to improve liquidity management and reduce operational complexity
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