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Say Bye to Slow Pay: HSBC Holdings Blockchain Hits Hong Kong
HSBC Holdings Blockchain Based Payments Boost Secure Transfers in HK
The major bank of Europe has taken a big step in modern banking by starting a new payment service in Hong Kong as HSBC Holdings Blockchain based settlement. This is the first time a major bank in the city has used a decentralised ledger for payoffs. It implies that businesses can now send cash faster and more safely using this new technology. This move shows that HK is serious about becoming a leader in financial technology.
Turning Bank Money into Digital Tokens
With this new system of HSBC Holdings Blockchain to process faster payments, the bank can change regular bank deposits into digitized tokens using a cryptographic ledger. These tokens work like digital forms of your regular money. According to Lewis Sun, who leads global payments at the bank HSBC Holdings Blockchain based process can make sending money cheaper and faster than the old ways of doing things through regular financial institutions.
The financial institution states that this service lets businesses move finances anytime, day or night, using HK or US dollars. Money moves right away between the exchequer's digital wallets. Right now, it only works in Hong Kong, but the bank plans to bring it to more places in Asia and Europe later this year.
Safe and Compliant for Businesses
Europe's largest banking institution says its system is not only quick but also follows all the rules. HSBC Holdings Blockchain based settlement service provides organisations a safer way to manage their money using new digital tools. Lewis Sun believes that using digital tokens, with support from trusted organisations like Hong Kong and Shanghai Banking Corporation, makes it easier for businesses to handle their cash in a smart, secure way.
Ant International, which is part of Alibaba Group, was the first company to make use of this new system. They used HSBC’s service to send money instantly through a platform called Whale, which uses digital ledger. The test went well, and the bank took what they learned from it to build their new service.
Kelvin Li from Ant International said HSBC Holdings Blockchain based settlement helps connect traditional banking with the future. He explained that working together with strong partners like Hong Kong and Shanghai Banking Corporation makes banking more open and helpful for businesses all around the world.
Support from Hong Kong’s Central Bank
HSBC Holdings Blockchain based settlement is part of a bigger program led by the Hong Kong Monetary Authority (HKMA), which wants to help banks test such ideas. Earlier this year, the HKMA also let the organisation and others try using DeFi currency for real-world transactions. These undertakings show that Hong Kong is pushing forward with a decentralised ledger in banking.
In the first phase, it’s tokenized deposit service will help companies manage their cash in real-time. Businesses can move finances instantly between their own peer-to-peer wallets in both Hong Kong and US dollars.
Effect on the Crypto World
The launch of the HSBC Holdings Blockchain service is a big moment for the world of cryptocurrency. It shows that famous exchequers have started to trust and use the latest technology in real ways. This helps bring crypto technology into the prevalent ways. It also proves that blockchain isn’t just for digital coins, it can assist businesses move real money faster, safer, and with more ease.
To Know more, Visit:- CoinGabbar
#crypto #cryptonews #HSBCHoldings #blockchain
The major bank of Europe has taken a big step in modern banking by starting a new payment service in Hong Kong as HSBC Holdings Blockchain based settlement. This is the first time a major bank in the city has used a decentralised ledger for payoffs. It implies that businesses can now send cash faster and more safely using this new technology. This move shows that HK is serious about becoming a leader in financial technology.
Turning Bank Money into Digital Tokens
With this new system of HSBC Holdings Blockchain to process faster payments, the bank can change regular bank deposits into digitized tokens using a cryptographic ledger. These tokens work like digital forms of your regular money. According to Lewis Sun, who leads global payments at the bank HSBC Holdings Blockchain based process can make sending money cheaper and faster than the old ways of doing things through regular financial institutions.
The financial institution states that this service lets businesses move finances anytime, day or night, using HK or US dollars. Money moves right away between the exchequer's digital wallets. Right now, it only works in Hong Kong, but the bank plans to bring it to more places in Asia and Europe later this year.
Safe and Compliant for Businesses
Europe's largest banking institution says its system is not only quick but also follows all the rules. HSBC Holdings Blockchain based settlement service provides organisations a safer way to manage their money using new digital tools. Lewis Sun believes that using digital tokens, with support from trusted organisations like Hong Kong and Shanghai Banking Corporation, makes it easier for businesses to handle their cash in a smart, secure way.
Ant International, which is part of Alibaba Group, was the first company to make use of this new system. They used HSBC’s service to send money instantly through a platform called Whale, which uses digital ledger. The test went well, and the bank took what they learned from it to build their new service.
Kelvin Li from Ant International said HSBC Holdings Blockchain based settlement helps connect traditional banking with the future. He explained that working together with strong partners like Hong Kong and Shanghai Banking Corporation makes banking more open and helpful for businesses all around the world.
Support from Hong Kong’s Central Bank
HSBC Holdings Blockchain based settlement is part of a bigger program led by the Hong Kong Monetary Authority (HKMA), which wants to help banks test such ideas. Earlier this year, the HKMA also let the organisation and others try using DeFi currency for real-world transactions. These undertakings show that Hong Kong is pushing forward with a decentralised ledger in banking.
In the first phase, it’s tokenized deposit service will help companies manage their cash in real-time. Businesses can move finances instantly between their own peer-to-peer wallets in both Hong Kong and US dollars.
Effect on the Crypto World
The launch of the HSBC Holdings Blockchain service is a big moment for the world of cryptocurrency. It shows that famous exchequers have started to trust and use the latest technology in real ways. This helps bring crypto technology into the prevalent ways. It also proves that blockchain isn’t just for digital coins, it can assist businesses move real money faster, safer, and with more ease.
To Know more, Visit:- CoinGabbar
#crypto #cryptonews #HSBCHoldings #blockchain
🔊 HSBC and ICBC Seek Stablecoin Issuer Licenses Under Hong Kong’s New Regulatory Framework
HSBC and the Industrial and Commercial Bank of China (ICBC) have reportedly signaled their intent to apply for stablecoin issuer licenses with the Hong Kong Monetary Authority (HKMA) under the region’s recently enacted regulatory framework. (Cointelegraph, referencing Hong Kong Economic Journal)
While neither bank has confirmed publicly, early reports indicate that both ICBC and Standard Chartered are positioned to receive first-round approvals, potentially giving them a competitive edge in the market.
The new Stablecoin Ordinance, effective August 1, 2025, includes a six-month transition period, during which temporary licenses may be issued. Regulated entities face strict requirements: full reserve backing, redemption support, active Anti-Money Laundering (AML)/KYC compliance, asset segregation, and local operational presence. (Cointelegraph, HKMA reports; Reuters)
Since the ordinance's rollout, some stablecoin-linked stocks have suffered price corrections—seen as a market “healthy adjustment” as stricter-than-expected rules take hold. Regulatory scrutiny also extends to crypto custody standards, with new guidance emphasizing enhanced security and banning smart contracts in cold wallet implementations.
Why It Matters
Institutional Trust: HSBC—one of the world’s largest banks—and ICBC entering the stablecoin licensing process signals growing institutional legitimacy in regulated digital assets.
Regulatory Rigor: The new framework enforces high compliance standards, suggesting Hong Kong is prioritizing security and investor protection.
Market Terrain: With only a few licenses expected initially, major players like HSBC, ICBC, and Standard Chartered will likely command market leadership if approved.
#AltcoinMarketRecovery
#stablecoin
#HSBCHoldings
#HongKong
#DigitalAssetCompliance
HSBC and the Industrial and Commercial Bank of China (ICBC) have reportedly signaled their intent to apply for stablecoin issuer licenses with the Hong Kong Monetary Authority (HKMA) under the region’s recently enacted regulatory framework. (Cointelegraph, referencing Hong Kong Economic Journal)
While neither bank has confirmed publicly, early reports indicate that both ICBC and Standard Chartered are positioned to receive first-round approvals, potentially giving them a competitive edge in the market.
The new Stablecoin Ordinance, effective August 1, 2025, includes a six-month transition period, during which temporary licenses may be issued. Regulated entities face strict requirements: full reserve backing, redemption support, active Anti-Money Laundering (AML)/KYC compliance, asset segregation, and local operational presence. (Cointelegraph, HKMA reports; Reuters)
Since the ordinance's rollout, some stablecoin-linked stocks have suffered price corrections—seen as a market “healthy adjustment” as stricter-than-expected rules take hold. Regulatory scrutiny also extends to crypto custody standards, with new guidance emphasizing enhanced security and banning smart contracts in cold wallet implementations.
Why It Matters
Institutional Trust: HSBC—one of the world’s largest banks—and ICBC entering the stablecoin licensing process signals growing institutional legitimacy in regulated digital assets.
Regulatory Rigor: The new framework enforces high compliance standards, suggesting Hong Kong is prioritizing security and investor protection.
Market Terrain: With only a few licenses expected initially, major players like HSBC, ICBC, and Standard Chartered will likely command market leadership if approved.
#AltcoinMarketRecovery
#stablecoin
#HSBCHoldings
#HongKong
#DigitalAssetCompliance
🚨 Top Banks Eye Hong Kong Stablecoin Market
Global banking giants are making a move into stablecoins in Hong Kong. Reports suggest HSBC and ICBC, the world’s largest bank, are planning to apply for stablecoin licenses in the territory. 🇭🇰
🔎 Key Details:$BTC
💰 Massive Capital Flow Expected → These banks could bring billions of dollars into Hong Kong’s emerging stablecoin ecosystem.
🏦 Regulatory Push → Hong Kong has set a high standard for stablecoin issuers, allowing only a handful of qualified applicants initially.
🌐 Global Implications → With these major banks entering, the move could boost the adoption of stablecoins in Asia and challenge dollar-dominated payment systems.
⚡ Innovation Meets Finance → This step signals that traditional finance is embracing blockchain technology more aggressively than ever.
⚡ Why It Matters$ETH
The entry of HSBC and ICBC could accelerate stablecoin adoption and further legitimize digital assets as part of mainstream financial infrastructure. Hong Kong is positioning itself as a leading hub for regulated crypto innovation in 2025.
#HSBCHoldings #ICBC #Stablecoins #HongKongCrypto #CryptoAdoption
Global banking giants are making a move into stablecoins in Hong Kong. Reports suggest HSBC and ICBC, the world’s largest bank, are planning to apply for stablecoin licenses in the territory. 🇭🇰
🔎 Key Details:$BTC
💰 Massive Capital Flow Expected → These banks could bring billions of dollars into Hong Kong’s emerging stablecoin ecosystem.
🏦 Regulatory Push → Hong Kong has set a high standard for stablecoin issuers, allowing only a handful of qualified applicants initially.
🌐 Global Implications → With these major banks entering, the move could boost the adoption of stablecoins in Asia and challenge dollar-dominated payment systems.
⚡ Innovation Meets Finance → This step signals that traditional finance is embracing blockchain technology more aggressively than ever.
⚡ Why It Matters$ETH
The entry of HSBC and ICBC could accelerate stablecoin adoption and further legitimize digital assets as part of mainstream financial infrastructure. Hong Kong is positioning itself as a leading hub for regulated crypto innovation in 2025.
#HSBCHoldings #ICBC #Stablecoins #HongKongCrypto #CryptoAdoption
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🏦 Bank of New York Mellon, one of the largest custodian banks ($2.5 trillion in payments per day), is exploring tokenized deposits for payments through blockchain with instant settlements.
ℹ️ JPMorgan and HSBC have already launched pilots; banking activity is increasing against the backdrop of new regulatory frameworks in the USA and EU.
#HSBCHoldings #BTCBreaksATH #Write2Earn #BinanceSquareFamily
ℹ️ JPMorgan and HSBC have already launched pilots; banking activity is increasing against the backdrop of new regulatory frameworks in the USA and EU.
#HSBCHoldings #BTCBreaksATH #Write2Earn #BinanceSquareFamily
HSBC has launched tokenized gold trading on the blockchain. #HSBCHoldings #Tokenization #GOLD #Blockchain
The Canton Foundation onboarding BNP Paribas and HSBC signals a new chapter in institutional blockchain collaboration.
Built for privacy and compliance, Canton’s “network of networks” connects disparate financial applications—without exposing sensitive data.
As more banks commit to its governance, Canton is becoming the go-to protocol for regulated, synchronized asset workflows.
This onboarding aligns with the expansion of tokenized real-world asset pilots already live on Canton.
Trailblazing the future of financial infrastructure through governance, not hype.
#InstitutionalBlockchain #PrivacyByDesign #HSBCHoldings #BNP #Tokenization
Built for privacy and compliance, Canton’s “network of networks” connects disparate financial applications—without exposing sensitive data.
As more banks commit to its governance, Canton is becoming the go-to protocol for regulated, synchronized asset workflows.
This onboarding aligns with the expansion of tokenized real-world asset pilots already live on Canton.
Trailblazing the future of financial infrastructure through governance, not hype.
#InstitutionalBlockchain #PrivacyByDesign #HSBCHoldings #BNP #Tokenization
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Urgent: The new stablecoin law $USD1 in Hong Kong allows bank #HSBCHoldings to launch a blockchain settlement platform, for the first time with Ant International's transaction and planned expansion across Asia and Europe, according to the report.
$USDC
#CRYPTO_YEMEN
$USDC
#CRYPTO_YEMEN
BNP Paribas and HSBC have officially joined the Canton Foundation, the governance body stewarding the privacy-centric Canton Network.
This marks another stride toward widespread institutional adoption of blockchain infrastructure for regulated finance.
Canton enables interoperable, privacy-preserving atomic transactions across financial systems—designed for use in highly regulated markets.
With more major banks entering the network, Canton is becoming the backbone for synchronized real-time financial operations.
Watch this space as traditional finance and decentralized tech continue to converge.
#CantonNetwork #BlockchainGovernance #FinanceInnovation #bnpparibas #HSBCHoldings
This marks another stride toward widespread institutional adoption of blockchain infrastructure for regulated finance.
Canton enables interoperable, privacy-preserving atomic transactions across financial systems—designed for use in highly regulated markets.
With more major banks entering the network, Canton is becoming the backbone for synchronized real-time financial operations.
Watch this space as traditional finance and decentralized tech continue to converge.
#CantonNetwork #BlockchainGovernance #FinanceInnovation #bnpparibas #HSBCHoldings
Breaking Crypto News
HSBC Expands Tokenized Deposit Services to the U.S. & UAE
This marks one of the largest institutional pushes toward regulated blockchain banking.
🔹 Impact:
• Higher institutional adoption
• Increase in on-chain banking solutions
• More liquidity entering crypto
#HSBCHoldings
HSBC Expands Tokenized Deposit Services to the U.S. & UAE
This marks one of the largest institutional pushes toward regulated blockchain banking.
🔹 Impact:
• Higher institutional adoption
• Increase in on-chain banking solutions
• More liquidity entering crypto
#HSBCHoldings
🔊HSBC’s Quantum Leap Sparks Crypto Security Debate⛓️⚠️
HSBC claims a 34% improvement in OTC bond trading efficiency using quantum computing, marking a milestone in algorithmic finance. While this breakthrough targets traditional markets, it reignites crypto concerns over “Q-Day” — when quantum power could crack blockchain encryption. Post-quantum security projects may see rising attention as institutions test real-world quantum applications.
$BTC $SOL $BNB
#HSBCHoldings #QuantumTrading #CryptoSecurity #QDAY #blockchain
HSBC claims a 34% improvement in OTC bond trading efficiency using quantum computing, marking a milestone in algorithmic finance. While this breakthrough targets traditional markets, it reignites crypto concerns over “Q-Day” — when quantum power could crack blockchain encryption. Post-quantum security projects may see rising attention as institutions test real-world quantum applications.
$BTC $SOL $BNB
#HSBCHoldings #QuantumTrading #CryptoSecurity #QDAY #blockchain
Tether taps HSBC executives to ramp up $12b gold strategy.
#HSBCHoldings Tether poached two senior executives from a bank that oversees one of the world’s most extensive gold vaults.
Summary
Tether is doubling down on its gold bet by hiring two of HSBC’s top gold traders
HSBC operates one of the largest private gold vaults in the world
The stablecoin issuer currently holds more than $12 billion in physical gold
As macro uncertainty fuels renewed interest in precious metals, the world’s largest stablecoin issuer is doubling down on its gold bet. On Tuesday, November 11, Tether announced the hiring of two top gold traders from London-based HSBC.
HSBC’s global head of metals trading, Vincent Domien, will join Tether in the coming months. He’ll be accompanied by Mathew O’Neill, HSBC’s head of precious metals for Europe, the Middle East, and Africa.
The two executives’ role will be to aggressively expand the firm’s physical bullion holdings, which currently total $12 billion.
These include the reserves for the Tether Gold (XAUT) token, which has a market cap of $1.56 billion. The remaining physical gold is part of the reserves that back USDT.
#HSBCHoldings Tether poached two senior executives from a bank that oversees one of the world’s most extensive gold vaults.
Summary
Tether is doubling down on its gold bet by hiring two of HSBC’s top gold traders
HSBC operates one of the largest private gold vaults in the world
The stablecoin issuer currently holds more than $12 billion in physical gold
As macro uncertainty fuels renewed interest in precious metals, the world’s largest stablecoin issuer is doubling down on its gold bet. On Tuesday, November 11, Tether announced the hiring of two top gold traders from London-based HSBC.
HSBC’s global head of metals trading, Vincent Domien, will join Tether in the coming months. He’ll be accompanied by Mathew O’Neill, HSBC’s head of precious metals for Europe, the Middle East, and Africa.
The two executives’ role will be to aggressively expand the firm’s physical bullion holdings, which currently total $12 billion.
These include the reserves for the Tether Gold (XAUT) token, which has a market cap of $1.56 billion. The remaining physical gold is part of the reserves that back USDT.
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