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š¦ Are Banks Giving In? HSBC and JPMorgan Already Use Blockchain (But Not Crypto)
While many believe traditional banks oppose the crypto revolution, the truth is more nuanced. Financial giants are adopting blockchain technology, but with strict controlsāno tokens, no decentralization, and definitely no Bitcoin.
š Major Cases Shaping the Landscape
ā #HSBC
Launched a blockchain-based platform to settle tokenized gold transactions in London. Fully on-chain, but without public cryptocurrencies.
ā #JPMorgan
Operates a private blockchain (Onyx) for institutional payments using tokenized U.S. dollars. Even governments are exploring this system.
ā #BankofChina
Active in national blockchain initiatives for trade and cross-border payments, with tight state oversight.
āļø Revolution or Rebranding?
Banks embrace blockchain but reject:
š« Public cryptocurrencies like $BTC or $ETH
š« Permissionless systems.
š« Community governance.
They seek efficiency gains while keeping full control.
š¬ Conclusion
āBlockchain without cryptoā is becoming a trend. But true decentralization lives on through projects that empower people, not institutions.
šļøāšØļø#BitValue supports that visionāturning real-world data into fair economic value without relying on banks or intermediaries.
š Major Cases Shaping the Landscape
ā #HSBC
Launched a blockchain-based platform to settle tokenized gold transactions in London. Fully on-chain, but without public cryptocurrencies.
ā #JPMorgan
Operates a private blockchain (Onyx) for institutional payments using tokenized U.S. dollars. Even governments are exploring this system.
ā #BankofChina
Active in national blockchain initiatives for trade and cross-border payments, with tight state oversight.
āļø Revolution or Rebranding?
Banks embrace blockchain but reject:
š« Public cryptocurrencies like $BTC or $ETH
š« Permissionless systems.
š« Community governance.
They seek efficiency gains while keeping full control.
š¬ Conclusion
āBlockchain without cryptoā is becoming a trend. But true decentralization lives on through projects that empower people, not institutions.
šļøāšØļø#BitValue supports that visionāturning real-world data into fair economic value without relying on banks or intermediaries.
HSBC has launched Hong Kongās first bank-led blockchain settlement service ā powered by tokenized deposits.
Whatās the big deal?
Real-time 24/7 settlements in HKD & USD using blockchain.
Backed by HSBC, not a startup ā this is TradFi going full Web3.
Ant International is already using it to move money instantly.
This is a huge step toward institutional blockchain adoption, and it signals where the future of finance is headed.
Tokenization. Efficiency. Trustless rails.
The shift is happening.
#TokenizedDeposits #HSBC #InstitutionalAdoption
Whatās the big deal?
Real-time 24/7 settlements in HKD & USD using blockchain.
Backed by HSBC, not a startup ā this is TradFi going full Web3.
Ant International is already using it to move money instantly.
This is a huge step toward institutional blockchain adoption, and it signals where the future of finance is headed.
Tokenization. Efficiency. Trustless rails.
The shift is happening.
#TokenizedDeposits #HSBC #InstitutionalAdoption
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A bold step threatening the throne of #dollar.. and #China entering strongly to break the game
Has #America finally lost control? And what is the fate of the dollar if China succeeds?
China is not staying silent... it is planning to strike America at the heart of its financial control over the world
ā” It started with the digital yuan
ā” and is replacing the American "SWIFT" system with the Chinese "CIPS"
ā”Transfers are 7 seconds faster and 98% cheaper than the cost of "SWIFT"
ā”It linked the system to the "Belt and Road" and attracted Asian and Arab countries, with Egypt entering strongly!
The "CIPS" system has started to crawl into the global financial market, and global banks like HSBC and Standard Chartered have begun to join
And the goal? Breaking the dominance of the dollar which controls 60% of currency reserves and 90% of bank transfers!
China is playing a long game... and is building an alternative financial network to free the world from the grip of the US dollar
Is the world heading towards an era of "the end of the dollar"?
Or will America respond forcefully?
Whatās coming will be a new kind of cold war... but with bank accounts
#Ų§ŁŲ£Ų®ŲØŲ§Ų±_Ų§ŁŲ§ŁŲŖŲµŲ§ŲÆŁŲ©
#BTC #hsbc #MarketRebound
Has #America finally lost control? And what is the fate of the dollar if China succeeds?
China is not staying silent... it is planning to strike America at the heart of its financial control over the world
ā” It started with the digital yuan
ā” and is replacing the American "SWIFT" system with the Chinese "CIPS"
ā”Transfers are 7 seconds faster and 98% cheaper than the cost of "SWIFT"
ā”It linked the system to the "Belt and Road" and attracted Asian and Arab countries, with Egypt entering strongly!
The "CIPS" system has started to crawl into the global financial market, and global banks like HSBC and Standard Chartered have begun to join
And the goal? Breaking the dominance of the dollar which controls 60% of currency reserves and 90% of bank transfers!
China is playing a long game... and is building an alternative financial network to free the world from the grip of the US dollar
Is the world heading towards an era of "the end of the dollar"?
Or will America respond forcefully?
Whatās coming will be a new kind of cold war... but with bank accounts
#Ų§ŁŲ£Ų®ŲØŲ§Ų±_Ų§ŁŲ§ŁŲŖŲµŲ§ŲÆŁŲ©
#BTC #hsbc #MarketRebound
Ripple Acquires $250M+ Worth of Companies: Hereās the Strategy š
#Ripple has spent over $250M on acquisitions to boost $XRP adoption in global finance. Key moves include buying Metaco for crypto custody services and Standard Custody, which allows banks to tokenize assets on the $XRP Ledger.
#Ripple also launched #RLUSD , a USD-pegged stablecoin, signaling a focus on tokenized assets. Experts say this positions XRP as a hub for blockchain-powered tokenization, potentially increasing its value.
With partnerships like Citi and #HSBC already using Metacoās tech, Rippleās long-term goal is clear: making XRP a central player in global finance.
Big things ahead for XRP? š
#Ripple has spent over $250M on acquisitions to boost $XRP adoption in global finance. Key moves include buying Metaco for crypto custody services and Standard Custody, which allows banks to tokenize assets on the $XRP Ledger.
#Ripple also launched #RLUSD , a USD-pegged stablecoin, signaling a focus on tokenized assets. Experts say this positions XRP as a hub for blockchain-powered tokenization, potentially increasing its value.
With partnerships like Citi and #HSBC already using Metacoās tech, Rippleās long-term goal is clear: making XRP a central player in global finance.
Big things ahead for XRP? š
Europeās Largest Bank HSBC Launches First-Ever Crypto Settlement Service in Hong Kong šš°
HSBC has launched the first-of-its-kind crypto settlement program in Hong Kong, simplifying blockchain-based transactions.
Follow @Lachakari_Crypto
The $3 trillion financial institution has brought blockchain technology closer to its Hong Kong corporate clients. In a press release on Thursday, HSBC announced that users can now settle transactions using digital assets, increasing efficiency and reducing costs.
Hong Kong Users Gain Access to Crypto Settlements
Notably, the blockchain-based settlement service is the first ever in Hong Kong, as crypto-focused innovations continue to broaden their reach. HSBC launched the platform on May 22, allowing for quick and secure payments within its clients in the city.
š
The service instantly tokenizes fiat deposits, converting them into cryptocurrencies on the platform. Leveraging blockchain technologyās fast and reduced transactional acumen, HSBC corporate clients can make instant Hong Kong and USD payments more efficiently.
Furthermore, users can move funds digitally among HSBC Hong Kong wallets around the clock at a meager fee compared to traditional banking systems. Remarkably, this service is only currently accessible to Hong Kong users, but HSBC revealed plans to expand to Asia and Europe in the second half of 2025.
HSBC Completes First Transaction
Following the launch, HSBCās blockchain solution processed its first transaction for a client. Notably, it did this with Ant International, an affiliate of Alibaba Group Holdings.
The duo completed the platformās first-ever instant fund tokenization and transfer. Ant initiated the transaction from its treasury management platform, and HSBCās DLT protocol digitized and moved the funds to their destination.
Moreover, Ant International and HSBC have other business ventures in common. On Thursday, they successfully pilot-tested Antās Whale platform, a digital treasury and tokenization solution.
Hong Kongās Crypto Hub Push
Lewis Sun, the global head of domestic and emerging payments for global payment solutions at HSBC, described Hong Kong as an innovation-driven hub. He noted that the service perfectly blends the traditional and digital worlds and reflects the solutions that tokenized deposits offer.
In truth, Hong Kong has made efforts to establish itself as a global crypto hub. Meanwhile, to attract the innovation, the Hong Kong Securities and Futures Commission (SFC) issued licenses to four new exchanges, including Accumulus Global and DFX Labs.
Hong Kong also allows wealthy immigrants to disclose their net worth in Bitcoin and Ethereum during visa applications, further demonstrating its friendly disposition towards cryptocurrencies. In May, the city passed a stablecoin bill, requiring issuers to obtain an operational license from the Hong Kong Monetary Authority (HKMA).
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect @Lachakari_Crypto opinion. Readers are encouraged to do thorough research before making any investment decisions. @Lachakari_Crypto is not responsible for any financial losses.
$BTC
#HSBC #TrumpTariffs #MarketPullback #ETHMarketWatch #BinancelaunchpoolHuma
Follow @Lachakari_Crypto
The $3 trillion financial institution has brought blockchain technology closer to its Hong Kong corporate clients. In a press release on Thursday, HSBC announced that users can now settle transactions using digital assets, increasing efficiency and reducing costs.
Hong Kong Users Gain Access to Crypto Settlements
Notably, the blockchain-based settlement service is the first ever in Hong Kong, as crypto-focused innovations continue to broaden their reach. HSBC launched the platform on May 22, allowing for quick and secure payments within its clients in the city.
š
The service instantly tokenizes fiat deposits, converting them into cryptocurrencies on the platform. Leveraging blockchain technologyās fast and reduced transactional acumen, HSBC corporate clients can make instant Hong Kong and USD payments more efficiently.
Furthermore, users can move funds digitally among HSBC Hong Kong wallets around the clock at a meager fee compared to traditional banking systems. Remarkably, this service is only currently accessible to Hong Kong users, but HSBC revealed plans to expand to Asia and Europe in the second half of 2025.
HSBC Completes First Transaction
Following the launch, HSBCās blockchain solution processed its first transaction for a client. Notably, it did this with Ant International, an affiliate of Alibaba Group Holdings.
The duo completed the platformās first-ever instant fund tokenization and transfer. Ant initiated the transaction from its treasury management platform, and HSBCās DLT protocol digitized and moved the funds to their destination.
Moreover, Ant International and HSBC have other business ventures in common. On Thursday, they successfully pilot-tested Antās Whale platform, a digital treasury and tokenization solution.
Hong Kongās Crypto Hub Push
Lewis Sun, the global head of domestic and emerging payments for global payment solutions at HSBC, described Hong Kong as an innovation-driven hub. He noted that the service perfectly blends the traditional and digital worlds and reflects the solutions that tokenized deposits offer.
In truth, Hong Kong has made efforts to establish itself as a global crypto hub. Meanwhile, to attract the innovation, the Hong Kong Securities and Futures Commission (SFC) issued licenses to four new exchanges, including Accumulus Global and DFX Labs.
Hong Kong also allows wealthy immigrants to disclose their net worth in Bitcoin and Ethereum during visa applications, further demonstrating its friendly disposition towards cryptocurrencies. In May, the city passed a stablecoin bill, requiring issuers to obtain an operational license from the Hong Kong Monetary Authority (HKMA).
DisClamier:
This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect @Lachakari_Crypto opinion. Readers are encouraged to do thorough research before making any investment decisions. @Lachakari_Crypto is not responsible for any financial losses.
$BTC
#HSBC #TrumpTariffs #MarketPullback #ETHMarketWatch #BinancelaunchpoolHuma
Midday News Update Web3
š¦ #HSBC designated by Huaxia Fund as the tokenization agent for Hong Kongās Project Ensemble pilot.
ā” #Plasmaās newly opened $500M deposit capacity filled again in under 30 minutes.
šø Unnamed institution transfers another $40M to #WLFI address ā likely continued OTC accumulation.
š #Glassnode : Options trend suggests bullish momentum building for ETH
šŖ #EricTrump announces minting of the first $USD1 token on Tron ā drawing attention to political-crypto crossover.
š¦ #HSBC designated by Huaxia Fund as the tokenization agent for Hong Kongās Project Ensemble pilot.
ā” #Plasmaās newly opened $500M deposit capacity filled again in under 30 minutes.
šø Unnamed institution transfers another $40M to #WLFI address ā likely continued OTC accumulation.
š #Glassnode : Options trend suggests bullish momentum building for ETH
šŖ #EricTrump announces minting of the first $USD1 token on Tron ā drawing attention to political-crypto crossover.
#WalletConnect@WalletConnect
$WCTĀ making some moves here! We've seen a pretty solid bounce off theĀ $0.37 support level after that dip.
The bulls are definitely trying to regain control. Volume looks decent on this push up, which is what you wanna see.
If we can break and hold aboveĀ $0.3850, we might be looking at a retest of those prior highs aroundĀ $0.39-$0.40. Otherwise, we could see it cool off and consolidate a bit around these levels.
Staying patient on this one.
#wctĀ #HSBC
$WCTĀ making some moves here! We've seen a pretty solid bounce off theĀ $0.37 support level after that dip.
The bulls are definitely trying to regain control. Volume looks decent on this push up, which is what you wanna see.
If we can break and hold aboveĀ $0.3850, we might be looking at a retest of those prior highs aroundĀ $0.39-$0.40. Otherwise, we could see it cool off and consolidate a bit around these levels.
Staying patient on this one.
#wctĀ #HSBC
See original
ā”HSBC: Behind the Scenesā”
š #HSBC temporarily suspended its services this weekend for scheduled maintenance of the "Faster Payments System".
But this is what they don't say:
š¹They move more than 275 billion dollars a day through global payment networks.
š¹They manage between 70 and 90 trillion dollars a year through SWIFT, SEPA, or CHAPS.
š¹They have publicly praised #XRPLedger and discreetly tested the pathways of the blockchain protocol.
š In reality, they are already aligned with #ISO20022 the messaging standard of the new financial system. This is not a routine update. It is an internal transformation. When they say "maintenance" they mean "migration".
When large banks change strategy, they donāt announce it, they just do it.
āļø Proof of this is that one day after the announcement from HSBC, Coinbase Derivatives submitted its
applications to the CFTC to include #XRP futures contracts, which are set to go live today.
This is not commercial advertising.
This is an institutional incorporation.
This move is a weapon for #WallStreet
Futures unlock massive liquidity.
Hedging instruments, backing
of ETFs and financial engineering.
This is how the big players operate.
#MondaysAreCoolš
š #HSBC temporarily suspended its services this weekend for scheduled maintenance of the "Faster Payments System".
But this is what they don't say:
š¹They move more than 275 billion dollars a day through global payment networks.
š¹They manage between 70 and 90 trillion dollars a year through SWIFT, SEPA, or CHAPS.
š¹They have publicly praised #XRPLedger and discreetly tested the pathways of the blockchain protocol.
š In reality, they are already aligned with #ISO20022 the messaging standard of the new financial system. This is not a routine update. It is an internal transformation. When they say "maintenance" they mean "migration".
When large banks change strategy, they donāt announce it, they just do it.
āļø Proof of this is that one day after the announcement from HSBC, Coinbase Derivatives submitted its
applications to the CFTC to include #XRP futures contracts, which are set to go live today.
This is not commercial advertising.
This is an institutional incorporation.
This move is a weapon for #WallStreet
Futures unlock massive liquidity.
Hedging instruments, backing
of ETFs and financial engineering.
This is how the big players operate.
#MondaysAreCoolš
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