HSBC

Libra Association

Libra Hires HSBC Veteran Ian Jenkins as CFO, Risk Chief of Digital Payments Unit

Danny NelsonOct 15, 2020

Ian Jenkins joins fellow HSBC alum James Emmet, now the stablecoin group's CEO.

Bonds

HSBC and Singapore Exchange Execute Successful $300M Digital Bond Issuance

Paddy BakerSep 1, 2020

Corporate bonds from Olam International – a major commodities supplier – were issued on SGX's digital asset platform.

Letters of Credit

HSBC Carries Out Bangladesh’s First Blockchain Letter-of-Credit Transaction

Sebastian SinclairNov 3, 2020

HSBC said the transaction over the Contour trade finance blockchain platform slashed the time normally taken to process letters of credit.

CBDC

Accenture, HSBC, Seba Bank Among Bank of France’s Eight CBDC Finalists

Danny NelsonJul 20, 2020

The Bank of France’s central bank digital currency experiments are moving forward with eight candidate firms picked.

Libra

Libra Association Names HSBC Chief Legal Officer as First CEO

Nikhilesh DeMay 6, 2020

The Libra Association named HSBC Chief Legal Officer and former U.S. Under Secretary of the Treasury Stuart Levey as its new CEO. Levey will take the reins later this year.

HSBC

Banking

HSBC Puts $10B of Private Placements on R3’s Corda Blockchain

Nathan DiCamillo

HSBC is using blockchain as opposed to a traditional database because it plans to tokenize the $10B in private placements after it digitizes them.

HSBC

HSBC to Track $20 Billion in Assets on a Blockchain Next Year

Nikhilesh De

HSBC plans to track $20 billion in private-placement assets on its Digital Vault, allowing investors real-time access to their records.

Singapore

HSBC, SGX to Investigate if DLT Offers Efficiency Boost for Bond Markets

Daniel Palmer

A new trial will examine if digitalizing fixed income securities with DLT can bring new efficiencies to the Asian markets.

China

HSBC Targets China Trade With Yuan-Demoninated Blockchain Letter of Credit

Daniel Palmer

HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.

CFTC

HSBC Exec Urges CFTC to Make More ‘Positive Noise’ About Blockchain

Nikhilesh De

HSBC's Jesse Drennan asked the CFTC to make more "positive noise" about distributed ledger tech to spur business adoption.

Voting

SWIFT Teams Up With Major Banks, SGX to Trial Blockchain Voting

Daniel Palmer

Financial messaging giant Swift has teamed up with Singapore Exchange and several major banks to trial a DLT platform for shareholder voting.

Forex

HSBC Exec Says Using Blockchain Slashed Forex Trading Costs by 25%

Daniel Palmer

An HSBC executive has told Reuters that using blockchain slashed the costs of settling foreign exchange trades.