Mitrade Insights is dedicated to providing investors with rich, timely and most valuable financial information to help investors grasp the market situation and find timely trading opportunities.

2021

Best News & Analysis Provider

FxDailyInfo

2022

Best Forex Educational Resources Global

International Business Magazine

Insights

News

HSBC Launches Tokenized Deposit Service, Stock Hits Four-Day Winning Streak and New Record High

Source Tradingkey

TradingKey — HSBC has launched a tokenized deposit service, fueling a four-day winning streak and pushing its stock to a new record high.

On Tuesday (September 23), during the Asian trading session, HSBC Holdings (00005) continued its upward momentum, marking its fourth consecutive day of gains. As of press time, the stock rose by more than 1%, reaching a new all-time high of HKD 108.4.

In company news, HSBC announced the launch of its tokenized deposit service for corporate clients, enabling fast and secure cross-border transfers. The service is now live, with Ant Group's international arm being the first to use it.

In addition to HSBC, JPMorgan Chase had previously rolled out a similar tokenized deposit service. This innovation, utilizing blockchain technology, offers banks a cost-saving solution while enhancing customer experience. It’s expected that more banks will move toward tokenizing deposits in the future.

Source

Disclaimer: For information purposes only. Past performance is not indicative of future results.

Recommended Articles

Bitcoin Breaks Into The Fed: Trump Names Stephen Miran Governor President Donald Trump nominated Dr. Stephen Miran, the White House Council of Economic Advisers chair, to fill a vacant seat on the Federal Reserve Board of Governors.

Author Bitcoinist

Aug 08, Fri

President Donald Trump nominated Dr. Stephen Miran, the White House Council of Economic Advisers chair, to fill a vacant seat on the Federal Reserve Board of Governors.

Japanese Yen drifts lower amid BoJ rate hike uncertainty and USD strength The Japanese Yen (JPY) kicks off the new week on a weaker note and seems vulnerable to prolong its retracement slide from the highest level since July 7, touched against a broadly firmer US Dollar (USD) last Wednesday.

Author FXStreet

Yesterday 03: 11

The Japanese Yen (JPY) kicks off the new week on a weaker note and seems vulnerable to prolong its retracement slide from the highest level since July 7, touched against a broadly firmer US Dollar (USD) last Wednesday.

Gold remains close to all-time peak amid Fed's dovish stance and geopolitical tensions Gold (XAU/USD) struggles to capitalize on Friday's move higher and oscillates in a narrow trading band below the $3,700 mark at the start of a new week.

Author FXStreet

Yesterday 06: 13

Gold (XAU/USD) struggles to capitalize on Friday's move higher and oscillates in a narrow trading band below the $3,700 mark at the start of a new week.

Crypto market dips, wiping out over $630 million in liquidations while Metaplanet adds 5,419 BTC Crypto markets experienced turbulence over the past 24 hours, with over $630 million in leveraged positions liquidated, 89% of which were long positions—highlighting overly bullish positioning.

Author FXStreet

Yesterday 07: 30

Crypto markets experienced turbulence over the past 24 hours, with over $630 million in leveraged positions liquidated, 89% of which were long positions—highlighting overly bullish positioning.

Gold Price Forecast: XAU/USD at fresh record highs, aims for $3,730 and $3,670 Gold bounced up from the $3,630 area on Friday and is extending gains on Monday, supported by a cautious market mood and hopes of further Fed easing.

Author FXStreet

23 hours ago

Gold bounced up from the $3,630 area on Friday and is extending gains on Monday, supported by a cautious market mood and hopes of further Fed easing.

Popular Symbols