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Bank & market adoptionT2Bank / FMIAPAC

HSBC and Standard Chartered execute first live tokenised deposit transaction on Swift's blockchain

Published Quote last verified

  • Tokenized deposits

Executive summaryFact

HSBC and Standard Chartered completed the first live cross-border bank-to-bank tokenised deposit transaction on Swift's blockchain-based ledger, with obligations recorded on HSBC's Tokenised Deposit Service and Standard Chartered's tokenised-deposit infrastructure. HSBC said its Tokenised Deposit Service is live in six markets.

Primary source: HSBC ↗

Key factsFact

Event
Live transaction
Jurisdiction
APAC
Source
HSBC
Source tier
Tier 2 · Bank / FMI
Product
Tokenized deposits

Adoption statusFact

  • LiveHSBC & Standard Chartered— First live cross-border bank-to-bank tokenised deposit transaction on Swift’s blockchain ledger
  • LiveHSBC— HSBC Tokenised Deposit Service (TDS): live in six markets — HK, SGP, LUX, UK, US and the UAE

See the bank adoption tracker

From the sourceFact

“HSBC and Standard Chartered today announced the successful completion of bank-to-bank tokenised deposit interoperability through the execution of the first live cross-border transaction on Swift’s blockchain-based ledger.”

“HSBC’s Tokenised Deposit Service (TDS) is already live in six markets: HK, SGP, LUX, UK, US and the UAE.”

Verbatim from HSBC✓ string-matched against the live page 2026-10-22

Why it matters for banksAnalysis

This is a live demonstration that tokenised deposits from different banks can interoperate over Swift, a practical precedent for banks assessing cross-border tokenised deposit services.

Editorial analysis based on the facts above and the sources below; not legal or investment advice.

Sources and evidence

  • Official institutionalHSBC ↗2026-08-20quote matched 2026-10-22

Evidence types: how we classify sources.

AIAI-assisted: summary and analysis were drafted with AI from the primary source and are the editor’s responsibility. AI-drafted from the primary source; quote string-matched by scripts/verify.mjs. Methodology · Corrections · Report an error

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