HSBC TDS is available in Hong Kong, Singapore, Luxembourg, and the UK
HSBC announced the launch of its Tokenized Deposit Service (TDS) in the United States, marking a significant expansion of its digital money capabilities to enable seamless, real-time funds movement across jurisdictions in a regulatory-compliant, always-on environment.
TDS combines the familiarity and trust of traditional bank deposits with the speed, transparency, and automation of blockchain-based rails. Through TDS, eligible clients can transfer funds 24/7 – domestically and cross-border – from treasury centers to subsidiaries, instantly and on-chain, improving liquidity management and global commerce.
“Our clients operate across markets, currencies, and time zones and are looking for faster, more transparent ways to manage liquidity and move money without adding operational complexity,” said Tom Halpin, North America Lead, Global Payments Solutions, HSBC. “With TDS, we’re helping clients reduce friction, improve control, and connect more easily with the evolving digital ecosystem.”
Built to integrate with clients’ existing treasury and payment infrastructures and operate within local regulatory frameworks, TDS reflects HSBC’s commitment to delivering innovation with strong governance and compliance standards. The service is also available in Hong Kong, Singapore, Luxembourg, and the UK, and supports a range of currencies including EUR, GBP, HKD, SGD, and USD.
Benefits of TDS can include:
- Accelerated settlement within the tokenized deposit network
- 24/7 availability for domestic and cross-border transfers
- More efficient working capital management and liquidity movement across accounts and entities
- Compatibility with existing banking and treasury infrastructure
- Improved visibility into cash positions to support real-time liquidity decisions
- Reduced manual processing and straight-through processing to streamline operations
As part of its broader digital asset strategy, HSBC continues to invest in building an open, interoperable money layer, connecting core financial infrastructure with emerging digital networks. This supports a range of use cases, including bridging blockchain-enabled workflows with payment and banking rails, enabling real-time treasury management, facilitating settlement of tokenized assets, and integrating with regulated digital money solutions.
Availability and onboarding
Tokenized Deposit Service is available to eligible HSBC corporate and institutional clients in the United States, subject to applicable approvals, documentation and onboarding requirements.\
Source: HSBC
NEWSLETTER SIGN UP
And receive exclusive articles on securities markets
🏆 The 2026 Global Markets Choice Awards are here! 🌍 Nominations are officially OPEN for the celebration of excellence in global capital markets trading & technology. Nominate below:
https://www.jotform.com/form/260086385121150
Delaware Life Insurance Company is becoming the first insurance carrier to offer an index that contains cryptocurrency, adding the BlackRock U.S. Equity Bitcoin Balanced Risk 12% Index to its fixed index annuity (FIA) portfolio.
As the digital assets industry pushes toward
Franklin Templeton is expanding its tokenized fund suite, signaling growing institutional demand for blockchain-based fund infrastructure and regulated investment products moving onchain. Read the full article below:
$50 billion in active ETF inflows helped fuel a record year for @BlackRock 's iShares business, as investors continue to lean into active strategies.
Related articles
-
The integration of dbHedge into LiquidityFX augments smartTrade’s existing tools for internalising FX flow.
-
The sustainable growth of digital assets depends on strong, institutional-grade risk and compliance.
-
Augustus will be the first clearing bank built on a stablecoin and AI-native core.
-
Automation and AI will drive productivity savings.
-
The AI-native firm will work with companies to bring Claude into their core business operations.