HSBC’s new digital payment solution allows for 24/7 real time settlements. It provides businesses with faster and clearer treasury management.

HSBC has launched a tokenised deposit service in Singapore, building on its blockchain based payment service that has been made available in Hong Kong SAR. The service enables ’round the clock’ settlement of payments using HSBC’s distributed ledger technology (DLT), where traditional fiat deposits are represented by digital tokens. It’s designed to remove transaction cut-off times and supports programmable payments, allowing for conditional transfers and large settlement of toke

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