HSBC Advances Tokenized Deposits on Ethereum-Standard Private Chain, Targeting 5–10% of Bank Deposits and Exploring Tokenized Loans

In a Caixin interview, HSBC’s Sun Lei, Global Director of Local and Innovative Payment Products within Global Payment Solutions, said the bank has long prioritized developing tokenized deposit services.

Even with a scenario where only 5%–10% of traditional deposits are tokenized, Sun Lei suggested the resulting scale would exceed the size of today’s crypto markets.

HSBC’s private chain currently adheres to Ethereum-compatible specifications, including EVM and ERC-20 standards, while the bank remains open to public-chain architectures where user scenarios justify.

Regarding tokenized loans, HSBC is already engaging clients on programming applications and exploring how lending could be tokenized.