According to online reports, HSBC announced the launch of a corporate treasury management solution based on tokenized deposits in Hong Kong. It is also the first blockchain settlement service provided by a bank in Hong Kong. HSBC Hong Kong corporate customers can transfer payments in Hong Kong dollars or US dollars between wallets held by different companies under their names. The process is not limited by transaction time and can be completed in real time. In addition, the solution also supports fund settlement required for other tokenization use cases, including the Ensemble project use case led by the Hong Kong Monetary Authority.