HSBC announced the launch of its Tokenised Deposit Service (TDS) in the United Arab Emirates, marking a significant expansion of its digital money capabilities to enable seamless, real-time funds movement across jurisdictions in a regulatory-compliant, always-on environment. TDS combines the familiarity and trust of traditional bank deposits with the speed, transparency, and automation of blockchain-based rails. Through TDS, eligible clients can transfer funds 24/7 — domestically and cross-border — from treasury centers to subsidiaries, instantly and on-chain, improving liquidity management and global commerce. Mohamed Al Marzooqi, Chief Executive Officer, UAE ...