Key Takeaways
- • HSBC used tokenised deposits to invest in a tokenised money market fund for the first time, working with Ant International and Franklin Templeton.
- • The transaction linked HSBC's Tokenised Deposit Service to Ant International's blockchain-based settlement platform, WhaleRTP.
- • The integration is positioned to help companies and financial institutions manage surplus cash and access funds outside traditional banking hours.
- • Executives cited the potential for around-the-clock, 24/7 global liquidity management enabled by tokenisation.
Summary
HSBC has made its first investment of tokenised deposits into a tokenised money market fund, executed with Ant International and Franklin Templeton, according to Fintech Singapore. The transaction connected HSBC's Tokenised Deposit Service to WhaleRTP, a blockchain-based settlement platform operated by Ant International, and involved Franklin Templeton's tokenised money market fund.
The structure is designed to help corporate clients and financial institutions manage surplus cash more efficiently. Martijn Stoker, Global Head of GPS Liquidity at HSBC, said the solution allows clients to optimise liquidity by investing surplus funds when available and accessing them when needed, with the potential for around-the-clock transactions enabled by tokenisation. The arrangement is also aimed at access to funds outside traditional banking hours.
Matt Jones, Head of Liquidity Distribution at Franklin Templeton, said the collaboration demonstrates how digital deposits and investment products can work together to meet institutional needs. Kelvin Li, General Manager of Platform Tech and Senior Vice President at Ant International, said WhaleRTP enables seamless interoperability between tokenised deposits and tokenised money market funds, delivering real-time, 24/7 global liquidity management and helping treasury teams identify new revenue opportunities.
The article does not disclose transaction size or amounts invested.
The structure is designed to help corporate clients and financial institutions manage surplus cash more efficiently. Martijn Stoker, Global Head of GPS Liquidity at HSBC, said the solution allows clients to optimise liquidity by investing surplus funds when available and accessing them when needed, with the potential for around-the-clock transactions enabled by tokenisation. The arrangement is also aimed at access to funds outside traditional banking hours.
Matt Jones, Head of Liquidity Distribution at Franklin Templeton, said the collaboration demonstrates how digital deposits and investment products can work together to meet institutional needs. Kelvin Li, General Manager of Platform Tech and Senior Vice President at Ant International, said WhaleRTP enables seamless interoperability between tokenised deposits and tokenised money market funds, delivering real-time, 24/7 global liquidity management and helping treasury teams identify new revenue opportunities.
The article does not disclose transaction size or amounts invested.
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