HSBC has launched its Tokenised Deposit Service (TDS) in the United Arab Emirates, expanding its digital banking capabilities in one of the region’s key financial hubs.
The service is designed to enable corporate and institutional clients to transfer funds in real time, both domestically and across borders, using blockchain-based infrastructure while maintaining the structure of traditional bank deposits.
According to the bank, the system operates 24/7 and aims to improve liquidity management, settlement speed, and transparency for businesses operating in multiple markets.
HSBC said the UAE dirham has been added to its expanding network of supported currencies, alongside major global currencies including the US dollar, euro, British pound, Hong Kong dollar, and Singapore dollar.
The bank described the launch as part of its wider strategy to develop digital money solutions that connect traditional banking systems with emerging financial technologies.
The service is currently available to eligible corporate and institutional clients in the UAE, subject to regulatory and onboarding requirements.
