TechFlow, September 22 — According to Bloomberg, HSBC Holdings Plc has launched a tokenized deposit service that enables corporate clients to securely transfer money across borders.
Leveraging blockchain technology, the bank completed its first cross-border USD transaction from Hong Kong to Singapore this month for Ant International. This cross-border transaction service is built upon HSBC's existing domestic payment product, which was initially launched earlier this year in Hong Kong and Singapore and has now expanded to the UK and Luxembourg, supporting additional currencies including GBP and EUR.
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