HSBC Brings Tokenized Deposits to the US and UAE in 2026

HSBC Holdings Plc will begin offering tokenized deposits to its corporate clients in the United States and the United Arab Emirates during the first half of 2026, according to a report published by Bloomberg today.

This move is part of the bank’s broader expansion of its blockchain-based payment technology.

HSBC uses its proprietary Distributed Ledger Technology (DLT) to represent traditional fiat deposits as digital tokens. This system allows for real-time, 24/7 settlement of transactions.

The bank initially launched its Tokenized Deposit Service (TDS) in Hong Kong and Singapore for domestic payments and later expanded it to include cross-border transactions and additional markets like the United Kingdom and Luxembourg in September 2025.

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The expansion to the US and UAE reflects the growing push by major banks to integrate blockchain technology into their services to improve efficiency and provide more innovative payment solutions for clients. HSBC has also been involved in other digital asset initiatives, including tokenized gold.