Why did HSBC (LSE) launch tokenised deposits in the UAE?

HSBC (LSE) launched tokenised deposits in the UAE to provide eligible corporate clients with 24/7 blockchain-based cash management and real-time liquidity tools. The bank said the move reflects both regulatory readiness in the UAE and growing demand for digital treasury solutions.

What does HSBC's (LSE) tokenised deposit service allow companies to do?

HSBC (LSE) said the service allows eligible corporate and institutional clients to move funds instantly across borders and between internal treasury entities. The system combines blockchain infrastructure with traditional bank deposits to improve cash management.

What does HSBC (LSE) say are the benefits of tokenised deposits?

HSBC (LSE) said tokenised deposits can help businesses manage working capital more efficiently by removing traditional banking-hour limitations. The bank also said the service reduces manual processes and provides real-time visibility into global cash positions.

How does HSBC's (LSE) UAE rollout fit into its broader digital asset strategy?

HSBC (LSE) has expanded its digital asset activities through projects including a US$1.3 billion-equivalent digital green bond issuance in Hong Kong and digital bond programmes in Europe. The bank's Orion platform was also selected for the UK government's sovereign digital gilt pilot programme.

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HSBC adds UAE dirham to Orion network

Q: How is HSBC's (LSE) Orion network expanding with the UAE launch?

HSBC (LSE) added the UAE dirham to its Orion blockchain network, which already supports the euro, British pound, US dollar, Hong Kong dollar and Singapore dollar. The expansion increases the number of currencies available for real-time transactions on the platform.

Written by Liezl GambePublished Jun 24, 2026, 6:00 AM

HSBC launched its tokenised deposit service in the UAE, adding the dirham to its blockchain-based cash management network.
The expansion enables eligible corporate clients to move funds across borders and treasury entities on a 24/7 basis.
HSBC said the rollout reflects growing demand for real-time liquidity tools and the UAE's digital finance strategy.

HSBC launched its tokenised deposit service in the United Arab Emirates, adding the UAE dirham to its blockchain-based Orion network and enabling around-the-clock corporate cash management.

The expansion extends a network that already supports the euro, British pound, US dollar, Hong Kong dollar and Singapore dollar, allowing eligible corporate and institutional clients to transfer funds instantly across borders and internal treasury operations.

“The introduction of tokenised deposits to the UAE is a reflection of the maturity of the local regulatory environment when it comes to digital finance and the genuine demand from corporates operating in and through this market for more capable treasury tools,” said HSBC UAE Chief Executive Officer Mohamed Al Marzooqi.

HSBC said the service integrates blockchain infrastructure with traditional bank deposits, helping companies manage working capital, reduce manual processes and gain real-time visibility into global cash positions.

The bank said eligible clients can access the service immediately subject to regulatory approvals and standard onboarding requirements, while HSBC shares were unchanged following the announcement.

HSBC has expanded its digital asset infrastructure in recent years, including supporting a US$1.3 billion-equivalent multicurrency digital green bond issuance for Hong Kong and facilitating the European Investment Bank's first digital bond denominated in British pounds.

The launch aligns with the UAE's broader push to develop regulated digital finance markets, while HSBC's Orion platform was also selected by the UK government for its sovereign digital gilt instrument pilot programme.