HSBC conducts tokenized deposit pilot on Canton Network – Ledger Insights – blockchain for enterprise
In May 2025 HSBC launched its Tokenized Deposit Service (TDS) on its private blockchain, HSBC Orion, which uses Canton distributed ledger technology (DLT). Now the most internationally active systemically important bank (G-SIB) has completed a simulated pilot of tokenized deposits on the public Canton Network, marking the first time TDS was issued on a public
