{"id":108498,"date":"2026-08-22T00:13:08","date_gmt":"2026-08-22T00:13:08","guid":{"rendered":"https:\/\/www.europesays.com\/britain\/108498\/"},"modified":"2026-08-22T00:13:08","modified_gmt":"2026-08-22T00:13:08","slug":"standard-chartered-hsbc-mark-blockchain-based-transaction","status":"publish","type":"post","link":"https:\/\/www.europesays.com\/britain\/108498\/","title":{"rendered":"Standard Chartered, HSBC Mark Blockchain-Based Transaction"},"content":{"rendered":"

Standard Chartered<\/a>\u00a0and\u00a0HSBC<\/a>\u00a0have completed the first interbank transaction executed on\u00a0Swift<\/a>\u2019s blockchain-based ledger, Standard Chartered said in a Wednesday (Aug. 19)\u00a0press release<\/a>.<\/p>\n

This live cross-border transaction demonstrated interbank operability and helped advance industry progress on 24\/7 cross-border payments, according to the release.<\/p>\n

By doing so, it marked a milestone in the use of tokenized deposits by regulated financial institutions to issue, transfer, record and settle tokenized deposits through Swift\u2019s blockchain-based ledger, the release said.<\/p>\n

During the transaction, HSBC and Standard Chartered used Swift\u2019s ledger to exchange payment messages. The resulting obligations were recorded as tokenized deposit obligations on both HSBC\u2019s Tokenised Deposit Service<\/a> (TDS) and Standard Chartered\u2019s tokenized-deposit infrastructure, and, with Swift\u2019s blockchain-based ledger acting as a secure orchestration layer, the obligations were matched and netted between the two banks prior to final settlement through existing systems, per the release.<\/p>\n

Lewis Sun<\/a>, head of digital currencies at HSBC, said in the release that the transaction demonstrates how digital money issued by banks can be interoperable across institutions while maintaining integrity and regulatory oversight as well as how different infrastructures can be brought together to benefit clients.<\/p>\n

\u201cFor corporates, this is about solving real-world challenges, such as moving liquidity around the world, across financial institutions, increasing cash visibility and reducing the complexities sometimes associated with traditional cross-border transactions,\u201d Sun said.<\/p>\n

Mark Willis<\/a>, head of emerging payments, transaction services and digital assets at Standard Chartered, said in the release that tokenized deposits are a key part of the company\u2019s digital asset strategy that aims to help clients transact, settle and manage tokenized liquidity and value across borders.<\/p>\n

\u201cAs institutional demand grows for faster, more efficient ways to move liquidity and optimize working capital increase, interoperable tokenized deposits will play an increasingly important role in helping corporate and institutional clients manage treasury, unlock operational efficiencies and support real time liquidity management across markets,\u201d Willis said.<\/p>\n

Swift announced in July that\u00a0its\u00a0blockchain-based ledger<\/a> was ready for use and that 17 banks were preparing live pilot transactions on the ledger.<\/p>\n

Thierry Chilosi<\/a>, Swift\u2019s chief business officer, said at the time in a press release: \u201cWith our new ledger capability, we\u2019re extending the trust and stability of established finance into the frontiers of digital money.\u201d<\/p>\n","protected":false},"excerpt":{"rendered":"Standard Chartered\u00a0and\u00a0HSBC\u00a0have completed the first interbank transaction executed on\u00a0Swift\u2019s blockchain-based ledger, Standard Chartered said in a Wednesday (Aug.…\n","protected":false},"author":2,"featured_media":108499,"comment_status":"","ping_status":"","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_share_on_mastodon":"0"},"categories":[20667],"tags":[714,6221,9881,18,2497,44906,1077,20677,1078],"class_list":["post-108498","post","type-post","status-publish","format-standard","has-post-thumbnail","category-hsbc","tag-banking","tag-digital-payments","tag-hsbc","tag-news","tag-payment-methods","tag-payments-innovation","tag-pymnts-news","tag-standard-chartered","tag-whats-hot"],"share_on_mastodon":{"url":"https:\/\/pubeurope.com\/@UnitedKingdom\/117136274399415147","error":""},"_links":{"self":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/108498","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/users\/2"}],"replies":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/comments?post=108498"}],"version-history":[{"count":0,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/posts\/108498\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media\/108499"}],"wp:attachment":[{"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/media?parent=108498"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/categories?post=108498"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/www.europesays.com\/britain\/wp-json\/wp\/v2\/tags?post=108498"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}