HSBC Holdings PLCHSBA
Mentioned
Impact on assets 1
Financials
HSBC Holdings PLCHSBC Holdings PLCAnt International announced an expanded collaboration with HSBC to enhance real-time treasury management services in the Middle East, using HSBC's global Tokenised Deposit Service. As part of the collaboration, Ant International completed pilot transactions across two payment corridors connecting the United Arab Emirates and Hong Kong: real-time, dirham-denominated tokenised deposit transfers within the UAE, and cross-border US dollar tokenised deposit payments initiated from the UAE to international markets including Hong Kong and Singapore. The transactions were initiated via WhaleRTP, Ant International's proprietary blockchain-based real-time treasury management platform, and executed in real-time through HSBC's TDS, with the workflow jointly designed by the two companies. The collaboration makes Ant International HSBC's first client in the Middle East to use its TDS service. Since 2019, Ant International has used blockchain and tokenised deposit technologies for real-time treasury management across major financial centres including Hong Kong, Singapore, Europe and the United States, and WhaleRTP is currently supported by more than 20 leading global banks, including HSBC, enabling real-time transfers in more than 17 currencies including the US dollar, Hong Kong dollar and UAE dirham. HSBC's TDS is already live in six markets: Hong Kong, Singapore, Luxembourg, the UK, the US and the UAE, and supports multiple currencies including CNH, HKD, SGD, EUR, GBP, USD and AED.
HSBC Holdings PLC