Assets · Commodity title · issued by HSBC
HSBC Gold Token
Fractional ownership of loco London gold held by HSBC, sold to Hong Kong retail customers and recorded on HSBC's private Orion ledger. No public contract.
Issued through HSBC Gold Token (Hong Kong retail) Live (scaled)
Classification · medium confidence
- Legal form
- Commodity title from economic tests
- Underlying
- Precious metals
- Value behaviour
- Market price · no income
- Ledger role
- Native
- Legal labels
- SFC-authorised retail investment product (first DLT-based) (Hong Kong)[1]
Issuer launch notice, not the product terms, hence medium. Ledger native: HSBC's private ledger is the ownership record for customers' holdings (the rulebook's HSBC example). No income.
Sourced[1]. How assets are classified: methodology.
Contracts
No contract addresses recorded yet.
Sources
- [1]Introducing the HSBC Gold Token to retail customers in Hong Kong — HSBC, 27 Mar 2024. Accessed 11 Oct 2026.B
- [2]Linklaters advises HSBC on enhancements to its market-first retail gold token offering — Linklaters, 4 Feb 2026. Accessed 11 Oct 2026.B