This move comes as major financial institutions race to integrate blockchain and stablecoin technologies into traditional banking.
Tokenised deposits are digital representations of traditional money that can move across networks quickly and securely.
Faster Payments Through Tokenisation
HSBC’s new Tokenised Deposit Service, or TDS, allows clients to send funds domestically and internationally in seconds at any time. According to Manish Kohli, HSBC’s global head of payment solutions, the service leverages tokenisation to improve speed, efficiency, and transparency. Tokenisation essentially converts fiat money into digital tokens that can move seamlessly on secure networks, reducing settlement times compared to traditional wire transfers that can take days.
🔥 LATEST: HSBC will roll out tokenized deposits for corporate clients in the US and UAE in H1 2026.
It’ll offer 24/7 instant transfers as banks lean into tokenization over stablecoins. pic.twitter.com/5zTVLNYUs5
— Cointelegraph (@Cointelegraph) November 19, 2025
For example, a corporate client in the UAE could instantly pay a supplier in the US, avoiding the usual banking delays and multiple intermediary fees. This mirrors the growing adoption of tokenised assets in other areas of finance. For example, JP Morgan’s JPM Coin has been used to settle cross-border transactions among institutional clients since 2019.
More About Tokenisation
Citi CEO Jane Fraser recently highlighted the growing importance of tokenisation in modern banking, cutting straight to the core client need. She explained that clients want to move money around the world instantly, at any time, safely, and without unnecessary complexity.
🚨 While the crypto market panics, @Citi CEO Jane Fraser cuts through the noise:
“A client wants to move money around the world instantly, 24/7/365, safely and without complexity. That’s tokenization.”
Global banks are EXTREMELY BULLISH on RWAs. 🚀 pic.twitter.com/GrY3OlCAAW
— Real World Asset Watchlist (@RWAwatchlist_) November 19, 2025
According to Fraser, tokenisation delivers exactly that, turning traditional funds into secure digital representations that can travel across networks quickly and reliably. This approach streamlines payments, reduces delays, and provides a transparent way to manage transactions. This shows how major banks are embracing digital solutions to meet evolving customer expectations.
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