TechFlow, December 4 — According to a Caixin Network report, Sun Lei, Global Head of Local and Innovative Payment Solutions at HSBC's Global Payments Division, said in an exclusive interview that HSBC has long been investing resources into advancing tokenized deposit services. Even if only 5%–10% of commercial bank deposits become tokenized in the future, the scale would far exceed that of any current cryptocurrency market. HSBC’s private chain currently follows technical standards compatible with Ethereum’s EVM and ERC-20, and the bank does not rule out adopting public chain technology for certain user scenarios in the future. Regarding whether tokenized loans will be launched next, HSBC is already discussing relevant programmable applications with clients.
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