The service is available to eligible HSBC corporate and institutional clients in the U.S.
HSBC has expanded its Tokenized Deposit Service (TDS) to the US, saying this service provides real-time funds movement across jurisdictions in a regulatory-compliant environment.
The expansion adds another key financial market to the service, as TDS is already available in Hong Kong, Singapore, Luxembourg and UK, the bank said in a Monday press release.
By combining traditional bank deposits with blockchain-based rails, TDS enables eligible clients to transfer funds at any time, domestically and cross-border, from treasury centres to subsidiaries, according to the release.
TDS is built to integrate with clients’ existing treasury and payment infrastructures and operate within local regulatory frameworks, the release said.
The service is available to eligible HSBC corporate and institutional clients in the U.S., per the release.
Our clients operate across markets, currencies and time zones and are looking for faster, more transparent ways to manage liquidity and move money without adding operational complexity, Tom Halpin, North America lead, global payments solutions at HSBC, said in the release. With TDS, we’re helping clients reduce friction, improve control and connect more easily with the evolving digital ecosystem.
HSBC announced in September that it expanded TDS to include cross-border transactions and that it conducted its first U.S. dollar cross-border transaction between Hong Kong and Singapore to optimize treasury management for Ant International.
The bank said at the time that it launched TDS for domestic payments in Hong Kong and Singapore earlier in 2025. It then expanded the service to the U.K. and Luxembourg markets, supporting domestic payments in additional currencies such as the pound, euro and U.S. dollar. The bank also said it planned to scale the service across its key markets.
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