-
HSBC Tests Tokenised Deposits On Canton Network In Interoperability Pilot
HSBC has completed a pilot of its tokenised deposit infrastructure on the Canton Network, simulating the issuance, transfer, and atomic settlement of digital deposits alongside other tokenised assets. The test marks the first time the bank’s Tokenised Deposit Service operated on a public blockchain environment, extending its work beyond internal ledgers into interoperable digital market infrastructure. The exercise comes as banks continue to test how tokenised money can function across multiple systems, rather than within closed networks. The ability to move deposits across platforms, settle transactions instantly, ... (full story)