HSBC and Standard Chartered complete the first real-time tokenized deposit transaction on Swift's blockchain ledger

In comparison, according to CoinDesk, HSBC (HSBC) and Standard Chartered Bank (Standard Chartered) have completed the first real-time tokenized deposit transaction on the Swift blockchain ledger. The transaction marks progress of traditional financial institutions in using blockchain technology to process tokenized deposits, and the two parties have achieved real-time transfer and settlement of deposit tokens through Swift's distributed ledger infrastructure.

As a global interbank messaging and clearing network, Swift is promoting the application of its blockchain ledger to tokenized assets and deposit scenarios to improve the efficiency of cross-border and inter-agency funds. As major international banks, this collaboration between HSBC and Standard Chartered demonstrates the viability of tokenized deposits in actual business and helps explore the further integration of traditional finance and blockchain infrastructure.