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Brief
Operates the HSBC Orion platform for issuing tokenized bonds and gold tokens, extending traditional banking infrastructure onto blockchain rails. Completed a Canton tokenized-deposit pilot announced April 13, 2026; the exercise simulated issuance, transfer and atomic settlement, not a general production launch.
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Primary sources
Checks cover the claims listed below. Other details may still need review.
- HSBC: Q1 2026 results, Canton pilot (opens in a new tab)
Checked
- The Q1 investor presentation reports completion of the Canton tokenized-deposit pilot.
- Canton: HSBC tokenized-deposit pilot (opens in a new tab)
Checked
- April 13, 2026 announcement describes simulated issuance, transfer and atomic settlement, not a production deposit-service launch.
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Snapshot
Key terms and identifiers.
- Asset classes
- Commodities, Treasuries
- Regulatory
- fca-sandbox, hong-kong-sfc, singapore-mas
- Jurisdiction
- UKAPAC
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Milestones
How this player got here.
- Apr 2026Completed simulated tokenized-deposit issuance, transfer and settlement pilot on Canton
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Connections
Who they build with, build on, integrate with.
Dependency
Where this player builds on, integrates, or relies on others.
