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Crypto

HSBC and Standard Chartered Execute First Tokenized Deposit Transaction

2026/08/20 16:10(Updated 2026/08/20 10:01)

CoinPost

Written by L.Kikutani

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HSBC and Standard Chartered Execute First Tokenized Deposit Transaction

Interbank Tokenized Transactions

Interbank Tokenized Transactions

On the 19th, British banks HSBC and Standard Chartered announced that they had conducted the first interbank cross-border transaction using tokenized deposits on a blockchain-based ledger operated by SWIFT.

SWIFT is an international organization that operates a communication network for exchanging international money transfer instructions among banks. This time, they have newly established a blockchain-based ledger, which is being used to record and settle tokenized deposits issued by banks.

This transaction between HSBC and Standard Chartered...

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