Coin

<ul class="news-points"> 
 <li><strong>HSBC has conducted successful trials carrying out tokenized deposits in partnership with the Ant Group.</strong></li> 
 <li><strong>The trials involved tokenized deposits with continuous, real-time movement of treasury funds between corporate accounts within the HSBC network.</strong></li> 
 <li><strong>HSBC is excited to “unlock next-generation treasury solutions” in collaboration with the Ant Group.</strong></li> 
</ul> 
<p>Hong Kong’s financial giant HSBC has reportedly conducted successful trials involving tokenized deposits, enhancing treasury fund transfer with improved turnaround time and cost efficiency.&nbsp;</p> 
<p>The Hong Kong Monetary Authority, in partnership with Ant Group, a prominent Chinese financial services company that Jack Ma founded, provided a sandbox for the experiments to be conducted.</p> 
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   <p lang="en" dir="ltr">Hong Kong's largest bank HSBC and China's largest fintech company Ant Group have successfully tested the use of tokenized deposits in intra-group payment transactions, in a first-of-its-kind initiative in Hong Kong. It can enhance treasury fund transfer with improved turnaround…</p>— Wu Blockchain (@WuBlockchain) <a href="https://twitter.com/WuBlockchain/status/1719972310822867155?ref_src=twsrc%5Etfw" target="_blank" rel="nofollow">November 2, 2023</a>
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<p>Earlier today, financial news platform Fintech News noted that tokenized deposits have the potential to…</p>
<p>The post <a href="https://coinedition.com/hsbc-partners-with-ant-group-to-explore-tokenized-deposits/">HSBC Partners With Ant Group to Explore Tokenized Deposits</a> appeared first on <a href="https://coinedition.com">Coin Edition</a>.</p>

HSBC Partners With Ant Group to Explore Tokenized Deposits

Coin Edition

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