Organisations · Bank · United Kingdom · hsbc.com
HSBCUpdated 14 Oct 2026
London-headquartered global banking and financial services group.
Headquarters: United Kingdom · used for “firms based in” filters (how location works)
Deployments
Each row is a sourced claim on that deployment's record. The evidence column shows the source and its grade; the numbers link to the full list below.
| Deployment | Role | Status | Evidence | Last reviewed |
|---|---|---|---|---|
| Ant International Whale tokenised treasury settlement | Issuer, Cash leg provider Tokenised HKD and USD deposits through its Tokenised Deposit Service. | Live (limited) | B Ant International, 22 May 2025[4] | Reviewed 13d ago |
| BIS Project Agorá | Counterparty Private sector project participant (prototype phase); not among the real-value test institutions. | Pilot | A Bank for International Settlements, 27 May 2026[5] | Reviewed 24d ago |
| CSOP Hong Kong Dollar Money Market ETF Unlisted Tokenised Class | Platform provider, Transfer agent or registrar, Depositary or trustee Tokenisation agent, trustee and registrar. | Announced | B CSOP Asset Management (via PR Newswire / Taiwan News), 3 Jun 2026[6] | Reviewed 13d ago |
| ESM digital bond programme on D7/Pontes | Arranger or dealer, Distributor Joint lead manager. | Live (limited) | C Ledger Insights, 27 Oct 2026[7] | Reviewed today |
| Euroclear D-FMI digitally native notes (multi-issuer) | Distributor, Arranger or dealer Joint lead manager for FAB | Live (limited) | B First Abu Dhabi Bank, 15 Oct 2026[8] | Reviewed 14d ago |
| Eurosystem exploratory work on wholesale DLT settlement in central bank money | Arranger or dealer, Platform provider Trial: lead bookrunner for the EIB's bond on HSBC Orion, run by HSBC Continental Europe. | Inactive | A European Central Bank, Jun 2025[9] | Reviewed 24d ago |
| Great British Tokenised Deposit (GBTD) pilot | Issuer HSBC UK | Pilot | B UK Finance, Sep 2026[10] | Reviewed 24d ago |
| HKMA EnsembleTX tokenised deposit pilot | Issuer Tokenised deposit bank: issues tokenised deposits and settles interbank via EnsembleTX. | Pilot | A Hong Kong Monetary Authority, 13 Nov 2025[11] | Reviewed 24d ago |
| Hong Kong government tokenised green bond on GS DAP (2023) | Arranger or dealer, Distributor, Custodian, Depositary or trustee, Transfer agent or registrar, Paying or settlement agent Joint global coordinator; custodian; trustee; CMU lodging and paying agent; registrar; transfer agent; issuer agent on the platform. | Inactive | A Hong Kong Monetary Authority, 16 Feb 2023[12] | Reviewed 25d ago |
| HSBC Gold Token (Hong Kong retail) | Platform provider, Issuer, Operator, Custodian, Distributor | Live (scaled) | B HSBC, 27 Mar 2024[13] | Reviewed 21d ago |
| HSBC Orion digital bond issuance | Platform provider, Operator, Technology provider, Arranger or dealer, Paying or settlement agent, Depositary or trustee Also a joint global coordinator, fiscal agent and principal paying agent on the HKSAR digital green bonds (2024, 2025 and 2026 issues; trustee as well in 2026); sole global coordinator, lead manager and bookrunner on FAB's 2025 bond; joint manager of the IDB's 2025 bond; and (as HSBC Continental Europe) joint lead manager of the EIB's November 2024 bond. | Live (limited) | B HSBC, 12 Feb 2026[14] | Reviewed 14d ago |
| HSBC RedCoin Hong Kong dollar stablecoin | Issuer, Operator, Distributor, Platform provider Issued by The Hongkong and Shanghai Banking Corporation under HKMA licence FRS02; distributed through PayMe and the HSBC HK app. | Live (limited) | B HSBC, 30 Sep 2026[15] | Reviewed 13d ago |
| HSBC Tokenised Deposit Service | Platform provider, Operator, Issuer | Live (limited) | B HSBC, 13 Apr 2026[16] | Reviewed 13d ago |
| HSBC tokenised physical gold for institutional clients | Issuer, Operator, Custodian, Platform provider | Live (limited) | C The Full FX, 3 Nov 2023[17] | Reviewed 17d ago |
| mBridge multi-CBDC cross-border payments platform | Counterparty Took part in the 2022 pilot across Hong Kong, Thailand and the UAE, using e-AED, e-CNY, e-HKD and e-THB for corporate clients' payments. | Pilot | B HSBC, 31 Oct 2022[18] | Reviewed 11d ago |
| Reserve Bank of India wholesale digital rupee (e₹-W) pilot | Counterparty | Pilot | A Reserve Bank of India, 31 Oct 2022[19] | Reviewed 13d ago |
| Swift blockchain ledger for tokenised deposit payments | Client or user First live interbank transaction, recorded on HSBC's Tokenised Deposit Service; later also transacted with UOB. | Pilot | B Standard Chartered, 19 Aug 2026[20] | Reviewed 24d ago |
| UK Digital Gilt Instrument (DIGIT) pilot | Platform provider, Operator, Technology provider, Distributor, Arranger or dealer HSBC Orion is the issuer-side depository; HSBC is also a joint lead manager. | Announced | A HM Treasury, 12 Feb 2026[21] | Reviewed 24d ago |
| UOB digital bond pilot on Marketnode | Distributor, Arranger or dealer Joint lead manager and bookrunner (Singapore branch). | Pilot | B UOB, 16 Jun 2021[22] | Reviewed 13d ago |
| WisdomTree Gold Token (WTGOLD) | Custodian Custodian of the allocated LBMA gold bars in London, per the issuer's token document and the rwa.xyz asset page. | Live (limited) | A RWA.xyz[23] | Reviewed 22d ago |
Licences and permissions
- Digital Securities Sandbox Gate 2 approval notice: HSBC Bank plc (Digital Securities Depository)United Kingdom[24]
- HKMA stablecoin issuer licences FRS01 (Anchorpoint Financial) and FRS02 (HSBC)Hong Kong[25]
Sources
- [1]EDGAR company record: HSBC Holdings plc — US Securities and Exchange Commission. Accessed 11 Oct 2026.A
- [2]Who we are — HSBC Holdings plc. Accessed 11 Oct 2026.B
- [3]LEI record MLU0ZO3ML4LN2LL2TL39: HSBC HOLDINGS PLC — GLEIF. Accessed 14 Oct 2026.A
- [4]Ant International Launches Tokenised Deposit Solutions for Real-Time Treasury Management with HSBC — Ant International, 22 May 2025. Accessed 11 Oct 2026.B
- [5]Project Agorá: a shared programmable platform for wholesale cross-border payments (report PDF) — Bank for International Settlements, 27 May 2026. Accessed 28 Oct 2026. Cover lists the 42 private sector project participants; chapter 1 names the seven central banks..A
- [6]CSOP Debuts Inaugural Tokenised Money Market Fund Offering — CSOP Asset Management (via PR Newswire / Taiwan News), 3 Jun 2026. Accessed 15 Oct 2026.B
- [7]European Stability Mechanism issues €1 billion digital bond, settled via Pontes — Ledger Insights, 27 Oct 2026. Accessed 8 Nov 2026.C
- [8]FAB issues MENA's First Digital Green Bond on Euroclear D-FMI — First Abu Dhabi Bank, 15 Oct 2026. Accessed 17 Oct 2026.B
- [9]The Eurosystem's exploratory work on new technologies for wholesale central bank money settlement - Annex II: Comprehensive overview of trials and experiments — European Central Bank, Jun 2025. Accessed 28 Oct 2026. Per-use-case participants and roles; descriptions were supplied by the participants..A
- [10]Tokenised sterling deposits — UK Finance, Sep 2026. Accessed 11 Oct 2026.B
- [11]Annex A and B - Tokenised Deposit Banks and Other Industry Pioneers of EnsembleTX — Hong Kong Monetary Authority, 13 Nov 2025. Accessed 11 Oct 2026.A
- [12]HKSAR Government's Inaugural Tokenised Green Bond Offering — Hong Kong Monetary Authority, 16 Feb 2023. Accessed 11 Oct 2026.A
- [13]Introducing the HSBC Gold Token to retail customers in Hong Kong — HSBC, 27 Mar 2024. Accessed 11 Oct 2026.B
- [14]HSBC Orion awarded DIGIT platform mandate — HSBC, 12 Feb 2026. Accessed 11 Oct 2026.B
- [15]HSBC names stablecoin 'HSBC Redcoin' — HSBC, 30 Sep 2026. Accessed 14 Oct 2026.B
- [16]HSBC expands Tokenized Deposit Service to the United States — HSBC, 13 Apr 2026. Accessed 11 Oct 2026.B
- [17]HSBC Claims World First with Tokenised Gold — The Full FX, 3 Nov 2023. Accessed 17 Oct 2026.C
- [18]HSBC welcomes the completion of Project mBridge pilot — HSBC, 31 Oct 2022. Accessed 28 Oct 2026.B
- [19]Operationalisation of Central Bank Digital Currency-Wholesale (e₹-W) Pilot — Reserve Bank of India, 31 Oct 2022. Accessed 15 Oct 2026.A
- [20]Standard Chartered and HSBC execute first live tokenised deposit transaction on Swift's blockchain-based ledger — Standard Chartered, 19 Aug 2026. Accessed 11 Oct 2026.B
- [21]Update on the procurement for Digital Gilt Instrument (DIGIT) pilot — HM Treasury, 12 Feb 2026. Accessed 11 Oct 2026.A
- [22]UOB the first financial institution in Singapore to pilot a digital bond issuance on Marketnode's exchange-operated digital asset issuance platform — UOB, 16 Jun 2021. Accessed 17 Oct 2026.B
- [23]WisdomTree Gold Token asset page — RWA.xyz. Accessed 11 Oct 2026. Re-read 2026-10-12 and 2026-10-17 for the new figures..A
- [24]Sandbox Approval Notice for Gate 2 of the Digital Securities Sandbox: HSBC Bank plc — Bank of England, 13 Jul 2026. Accessed 12 Oct 2026.A
- [25]Register of Licensees under the Stablecoins Ordinance (Cap. 656) — Hong Kong Monetary Authority. Accessed 12 Oct 2026.A
Spotted something out of date or missing? Suggest a correction, ideally with a source.