HSBC: The current private chain standard for tokenized deposits is now compatible with Ethereum and aligned with ERC-20
According to ChainCatcher, Sun Lei, Global Head of Local and Innovative Payment Products at HSBC Global Payments Solutions, stated in an exclusive interview that HSBC has long been investing resources to advance tokenized deposit business. In the future, even if only 5%–10% of commercial bank deposits are tokenized, the scale would still far exceed that of any current cryptocurrency in the market. HSBC's current private chain adopts technical standards identical to Ethereum's EVM compatibility and ERC-20 standards, and it is not ruled out that some user scenarios in the future may require choosing a public chain technology route.
Regarding whether tokenized loans will be launched in the next step, HSBC is already discussing related programmable applications with clients.
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