Luxembourg for Finance announced that HSBC has extended its Tokenised Deposit Service to Europe, choosing Luxembourg as the hub for the rollout. The service is designed to allow corporates to move cash instantly across jurisdictions, without time zone or closing-time constraints.
Using distributed ledger technology, deposits are represented as digital tokens that can be transferred directly from existing treasury systems. This enables real-time liquidity management and opens the way to new features such as programmable payments and atomic settlement.
Luxembourg also hosts HSBC’s Orion platform, which provides the infrastructure for issuing digital bonds and other tokenized securities. Together, these initiatives further cement Luxembourg as a key location for the bank’s tokenization strategy in both payments and capital markets.