Deployments · platform by HSBC

HSBC tokenised physical gold for institutional clientsNew

HSBC's service, launched in November 2023, that records institutional clients' ownership of loco London gold in HSBC's London vault as tokens on a permissioned ledger, each worth 0.001 troy ounce. Clients trade the tokenised gold with HSBC through its HSBC Evolve single-dealer platform or by API and see their allocated bars and positions through a digital overlay. HSBC presented it as a first for a bank and as complementary to its HSBC Orion issuance platform; it later served as the basis for the retail HSBC Gold Token in Hong Kong.

Live (limited) since Nov 2023^[2][3]i — Offered to institutional clients only; no volumes published. · Reviewed 17d ago i

Assets

Commodity title^[2]

Digital twin of loco London gold held in HSBC's London vault; one token is 0.001 troy ounce

Networks

HSBC Orion ledger Private, permissioned^[1]

HSBC's Mark Williamson says the institutional and the Hong Kong retail gold tokens run on the same HSBC Orion tokenisation platform; no HSBC primary page names the ledger.

Use cases i

Investment and trading^[2]

Jurisdictions

United Kingdom

Participants

• HSBCIssuer, Operator, Custodian, Platform provider^[2]United Kingdom

Assets

• IssuesHSBC tokenised gold (institutional)^[2]

Timeline

1. Happened Nov 2023 (month only) · Launch · recorded 17 Oct 2026
   HSBC starts recording institutional clients' loco London gold as tokens, tradable through HSBC Evolve or API.^[2][3]

Sources i