What Are the Best Use Cases for Tokenisation and Programmability?
At EBADay 2026 in Copenhagen, HSBC's Sovon Chatterjee explored the use cases for tokenised deposits, highlighting their potential to streamline corporate treasury operations. Often faced with 24/7 operational challenges, corporate treasurers can benefit significantly as tokenised deposits could eliminate the need for costly pre-funding floats.
Chatterjee acknowledged existing hurdles to the broader adoption of tokenised deposits, emphasizing the necessity of interoperability for enhancing these solutions. As tokenisation matures, it promises to reshape traditional banking processes, allowing for more efficient liquidity management for corporate clients.
Key takeaways
- ▸Tokenised deposits can streamline operations for corporate treasurers by enabling 24/7 access.
- ▸One significant advantage is the elimination of costly pre-funding floats.
- ▸Interoperability remains a crucial factor for the widespread adoption of tokenised deposits.
- ▸HSBC is actively exploring the application of tokenisation in their payment solutions.
Why this matters
The advancement of tokenised deposits presents a transformative opportunity for banks and corporate clients alike, reducing operational costs and enhancing liquidity management. As competition intensifies among financial institutions to provide innovative solutions, those that successfully implement tokenisation and ensure interoperability will likely gain a significant edge in the market.
Entities
Related stories
- 1.
- 2.Finextra Payments·