Networks · Private, permissioned · run by HSBC
HSBC Orion ledger
The ledger behind HSBC Orion, HSBC's proprietary in-house tokenisation platform for digitally native bonds; the underlying ledger technology is not named in the cited sources.
4Deployments
34Organisations
1Connections
Deployments on HSBC Orion ledger
Each row is a sourced claim on that deployment's record that it runs on HSBC Orion ledger. Balances are shown where a source gives one for this network.
| Deployment | Status | Assets | Held here | Evidence | Last reviewed |
|---|---|---|---|---|---|
| HSBC Orion digital bond issuance | Live (limited) | ~$4.07bn 8 Nov 2026 | B HSBC, 12 Feb 2026[1] | Reviewed 14d ago | |
| HSBC Gold Token (Hong Kong retail) | Live (scaled) | — | B HSBC, 27 Mar 2024[3] | Reviewed 21d ago | |
| HSBC tokenised physical gold for institutional clients 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. | Live (limited) | — | C Paperjam, 25 Apr 2024[4] | Reviewed 17d ago | |
| UK Digital Gilt Instrument (DIGIT) pilot | Announced | — | A HM Treasury, 16 Jul 2026[5] | Reviewed 24d ago |
Connections
- EnsembleTX infrastructurevia Hong Kong Monetary Authority direct link (Message passing) · supported
Sources
- [1]HSBC Orion awarded DIGIT platform mandate — HSBC, 12 Feb 2026. Accessed 11 Oct 2026.B
- [2]Reinventing asset servicing with distributed ledger technology — HSBC, 21 May 2024. Accessed 11 Oct 2026.B
- [3]Introducing the HSBC Gold Token to retail customers in Hong Kong — HSBC, 27 Mar 2024. Accessed 11 Oct 2026.B
- [4]Interview with Mark Williamson (HSBC) on tokenised gold — Paperjam, 25 Apr 2024. Accessed 18 Oct 2026. HSBC executive quoted directly: the institutional and retail gold tokens use the same Orion platform..C
- [5]Update on the Digital Gilt Instrument (DIGIT) pilot issuance — HM Treasury, 16 Jul 2026. Accessed 11 Oct 2026.A