HSBC

Bitcoin

HSBC CEO Says Bank ‘Not Into Bitcoin’ Due to Concerns Over Volatility: Report

Sebastian SinclairMay 25, 2021

The CEO of one of Europe's largest banks points to bitcoin's volatility as the primary reason for not pursuing a digital asset trading desk.

Coinbase Listing

Add Coinbase to the List of Crypto Stocks HSBC Won’t Touch

Ian AllisonApr 15, 2021

An HSBC representative said the bank has “limited appetite to facilitate products or securities that derive their value from virtual currencies.”

KYC

HSBC Goes Live on UAE’s ‘KYC’ Blockchain Platform

Jamie CrawleyJun 30, 2021

Data shared over the platform's blockchain enables institutions to see shared data about new customers.

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.

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.

HSBC

Bonds

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

Paddy Baker

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

CBDC

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

Danny Nelson

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 De

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.

Banking

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

Nate 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.