HSBC adds the United States to its tokenized-deposit network

HSBC has launched its Tokenized Deposit Service in the United States, extending a live commercial-bank-money treasury rail from four to five markets while leaving client scale and routine tokenized-asset settlement unproved.

HSBC has extended a live, multi-market commercial-bank-money network into the United States.

That is a real treasury and bank-liability expansion, but the evidence still stops short of showing disclosed client scale or routine tokenized-asset settlement in day-to-day production.

The April 13 launch extends HSBC's live commercial-bank-money rail to a fifth market, letting eligible U.S. corporate and institutional clients move liquidity on-chain, 24/7, across domestic and cross-border treasury flows. The sources do not disclose client scale or prove routine production settlement of tokenized assets beyond pilots, interoperability tests, and enabled capability.