Standard Chartered, HSBC execute first live tokenized deposit transaction on Swift blockchain ledger

HSBC•2026-08-19

Swift ledger used as orchestration layer

Swift’s ledger served as an orchestration layer to match and net obligations before final settlement through existing systems.

The deal marks the first interbank transaction executed on Swift’s ledger, targeting 24/7 cross-border payments and improved liquidity efficiency.

First live cross-border tokenised deposit transaction

Standard Chartered partnered with HSBC to complete the first live cross-border tokenised deposit transaction on Swift’s blockchain-based ledger.

Payment messages were exchanged via Swift’s ledger, with obligations recorded on HSBC’s Tokenised Deposit Service and Standard Chartered’s tokenised-deposit infrastructure.

Sources

Standard Chartered, HSBC execute first live tokenized deposit transaction on Swift blockchain ledger

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Standard Chartered, HSBC execute first live tokenized deposit transaction on Swift blockchain ledger

Swift ledger used as orchestration layer

First live cross-border tokenised deposit transaction

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Standard Chartered, HSBC execute first live tokenized deposit transaction on Swift blockchain ledger

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