Intelligent Fin.tech Issue 32 | Page 6

HSBC launches Tokenised Deposit Service for corporate cash management in Hong Kong

Tokenised Deposit Service for corporate clients in Hong Kong, introducing the first bank-led, Blockchain-based settlement service in the city.

In the initial phase, the Tokenised Deposit Service will support treasury management with real-time, always-on HKD and USD payments between corporate wallets held by a client at HSBC Hong Kong. Built on HSBC’ s own network and technologies, the new infrastructure establishes a robust foundation for enhancing the Bank’ s digital money capabilities. It also supports settlement requirements for tokenisation use cases, including those being explored under Hong Kong Monetary Authority( HKMA)’ s Project Ensemble1.

Ant International has become the first client to adopt the service. HSBC has supported Ant International to successfully complete an instant fund transfer between its entities through tokenisation of their deposits. The transaction, initiated by Ant International through its internal global treasury management platform

( Whale platform2), brings improved transparency, flexibility and efficiency to its liquidity management.

Building on HSBC’ s active involvement in Project Ensemble, the Tokenised Deposit Service is designed to integrate with and support HKMA’ s tokenisation and digital money infrastructure development. The strategic alignment paves the way for broader adoption of tokenisation and digital money across Hong Kong’ s financial ecosystem, driving and shaping the future of payments.

NatWest Thrive launches online toolkit to help young people take control of their financial futures

Thrive with a new digital platform designed to empower the next generation to take control of their financial futures.

NatWest Thrive, which started as a youth club programme, now combines over 30 years of community initiatives, bringing MoneySense, CareerSense and Dream Bigger together in one free online platform.

NatWest Thrive includes a host of bite-sized learning tools and has been created in collaboration with teachers, youth workers and young people.

Marg Jobling, Chief Marketing Officer at NatWest, said:“ We’ re on a mission to help young people turn possibilities into progress, helping the next generation grow up money confident and achieve their life goals. To help us meet that commitment we’ ve made NatWest Thrive bigger and better by combining over 30 years of community programmes to help young people build their financial confidence. NatWest Thrive gives teachers, parents and youth workers access to bite sized pieces of real-world content and resources to help inspire and empower young people to break through barriers and take action towards owning the future they want.”

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