What Are the Best Use Cases for Tokenisation and Programmability?
RWA Signal Insight
InfrastructureAt EBADay 2026 in Copenhagen, HSBC's Sovon Chatterjee highlighted the transformative potential of tokenized deposits for corporate treasury operations. By enabling 24/7 functionality, tokenized deposits address long-standing operational constraints that have historically hindered liquidity management. A primary advantage identified is the elimination of pre-funding floats, which currently represent a significant capital cost for global corporations. Chatterjee emphasized that while the technology is building a more efficient experience, widespread adoption remains contingent on overcoming existing technical hurdles. Interoperability between different blockchain networks and legacy systems stands out as a critical requirement for scaling these solutions. This shift toward programmable money signifies a broader evolution in how global banks manage liquidity and settlement processes. As HSBC continues to explore these digital assets, the focus remains on creating seamless, real-time payment environments that reduce friction for institutional clients.
Key points
- HSBC's Sovon Chatterjee identifies tokenized deposits as a solution for 24/7 corporate treasury operations.
- Tokenization eliminates costly pre-funding floats, improving capital efficiency for global corporate clients.
- Interoperability remains the primary technical hurdle for the wider adoption of tokenized deposit solutions.
Background
HSBC is a global banking and financial services organization that provides a wide range of commercial and investment banking products. Tokenized deposits represent a digital representation of a bank's liability, allowing for programmable, instant settlement on distributed ledger technology. These assets aim to bridge the gap between traditional fiat banking and the efficiency of blockchain-based financial infrastructure.