# HSBC has successfully completed a pilot simulating the issuance, transfer, and settlement of its tokenized deposit service (TDS) on the Canton Network.

*web3 · news · 2026-04-13 · CoinGape*

## Key points

- HSBC completed its first tokenized deposit pilot on a public blockchain using the Canton Network.
- HSBC's tokenized deposit service supports major fiat currencies and enables 24/7 real-time settlement.
- JPMorgan plans to deploy JPM Coin on the Canton Network, marking its second permissionless blockchain launch.
- Canton Coin futures open interest rose 3.76% to $40.54 million, indicating increased institutional activity.

**Companies:** HSBC, JPMorgan
**Countries:** United Kingdom, United States

[Read the full story on CoinGape](https://coingape.com/hsbc-completes-tokenized-deposits-pilot-on-canton-network-amid-jpmorgans-integration-plans/)

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