BNP Paribas HSBC First Corporate Payment Swift Ledger Tokenized Deposits
BNP Paribas and HSBC completed the first corporate treasury payment on Swift shared ledger with tokenized deposits moving euro to sterling.
BNP Paribas and HSBC executed the first corporate treasury payment on Swift's shared ledger using tokenized deposits.
The transfer moved euro at BNP Paribas into sterling at HSBC. The amount and corporate client remain undisclosed.
Pilot scope
The ledger went live in July. Seventeen banks across six continents are piloting it.
The scope of currencies and corridors beyond euro-sterling remains unspecified.