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HSBC has successfully completed a pilot simulating the issuance, transfer, and settlement of its tokenized deposit service (TDS) on the Canton Network.
HSBC completed its first tokenized deposit pilot on a public blockchain using the Canton Network.
KEY POINTS
- 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.
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