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HSBC: The current tokenized deposit private chain standard being used is now aligned with Ethereum and ERC-20 compatibility

2025.12.04 16:02:54

On December 4, Caixin reported that Sun Lei—HSBC’s Global Director of Local and Innovative Payment Products within its Global Payment Solutions division—stated in an interview the bank has long allocated resources to advance tokenized deposit offerings. Even if just 5% to 10% of commercial bank deposits become tokenized in the future, that figure would far outpace the market capitalization of any cryptocurrency currently available. Currently, HSBC’s private blockchain adheres to the same technical specifications as Ethereum’s EVM-compatible and ERC-20 standards. That said, the bank does not rule out the possibility that certain user use cases may require adopting a public blockchain technical approach down the line. On whether HSBC will roll out tokenized loans next, the firm is already in discussions with clients about related programming implementations.
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