HSBC: Completed $250bn FX trades

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HSBC: Completed $250bn FX trades

HSBC: Completed $250bn FX trades using distributed ledger technology (DLT)

  • The bank settled three million FX transactions and made more than 150,000 payments
  • HSBC FX Everywhere solution used for payments across HSBC’s internal balance sheets
  • The solution uses DLT to drastically increase the efficiency of these internal flows
  • Using a shared permission-ed ledger, the bank can automate several manual procedures
  • HSBC involved in the launch of an interbank blockchain platform for trade finance