HSBC Explores Tokenized Deposits and Loans

According to ChainCatcher, HSBC's Global Head of Local and Innovative Payments, Sun Lei, revealed in an interview that the bank has been investing resources in advancing tokenized deposit services. Sun Lei noted that even if only 5% to 10% of commercial bank deposits become tokenized, it would surpass the scale of any current cryptocurrency market. HSBC's private blockchain technology aligns with Ethereum's EVM compatibility and ERC-20 standards, and the bank does not rule out the possibility of adopting public blockchain technology for certain user scenarios in the future. Regarding the potential introduction of tokenized loans, HSBC is already in discussions with clients about related programming applications source: https://www.binance.com/en/square/post/33250518920018?utm_source=BinanceNewsRSS