HSBC to Offer Tokenized Deposit Services to Customers in the US and UAE
Jinse Finance reported that HSBC Holdings Plc will launch tokenized deposit services for corporate clients in the United States and the United Arab Emirates in the first half of next year. Manish Kohli, Global Head of Payments Solutions at HSBC, stated that the tokenized deposit service will enable clients to make instant domestic and cross-border fund transfers around the clock, without being limited to business hours. This system will help large enterprises manage liquidity more efficiently.
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