The move follows the FCA's announcement that Binance cannot conduct regulated activities in the country.
An HSBC representative said the bank has “limited appetite to facilitate products or securities that derive their value from virtual currencies.”
HSBC said the transaction over the Contour trade finance blockchain platform slashed the time normally taken to process letters of credit.
Ian Jenkins joins fellow HSBC alum James Emmet, now the stablecoin group's CEO.
Corporate bonds from Olam International – a major commodities supplier – were issued on SGX's digital asset platform.
The Bank of France’s central bank digital currency experiments are moving forward with eight candidate firms picked.
The Libra Association named HSBC Chief Legal Officer and former U.S. Under Secretary of the Treasury Stuart Levey as its new CEO. Levey will take the reins later this year.
HSBC is using blockchain as opposed to a traditional database because it plans to tokenize the $10B in private placements after it digitizes them.
A new trial will examine if digitalizing fixed income securities with DLT can bring new efficiencies to the Asian markets.
HSBC has carried out the first blockchain-based letter of credit transaction denominated in Chinese yuan.
HSBC's Jesse Drennan asked the CFTC to make more "positive noise" about distributed ledger tech to spur business adoption.
Financial messaging giant Swift has teamed up with Singapore Exchange and several major banks to trial a DLT platform for shareholder voting.
An HSBC executive has told Reuters that using blockchain slashed the costs of settling foreign exchange trades.
U.K. bank Barclays and startup Clearmatics will hold a hackathon next month to spur ideas for blockchain interoperability.
Trade finance DLT platform we.trade is seeking partnerships with other networks, with TradeLens and Tradeshift as prime candidates.