What’s New In Investments, Funds? – HSBC, Tokenised Deposit Service

Editorial Staff

10 October 2025

HSBC
yesterday said it has introduced its Tokenised Deposit Service (TDS) in Singapore, extending the blockchain-based payment capability beyond its initial launch in Hong Kong.

The service enables 24/7 real-time instant settlement. It was adopted by China’s Ant International, which became the first client to complete real-time Singapore dollar and US dollar digital token payments between its entities’ corporate wallets held with HSBC Singapore.

In September, HSBC said it successfully completed its first US dollar cross-border digital token transaction for Ant International businesses in Hong Kong and Singapore.