Tokenisation and financial transactions using distributed ledger technology (DLT) are increasingly becoming primed to scale, with HSBC playing an important role in supporting groundbreaking work with central banks on digital asset transfers, notably via its Orion DLT platform.

Examples during the past year include collaborations on two wholesale digital currency experiments with the Hong Kong Monetary Authority (HKMA) and the European Investment Bank. HSBC has also made important contributions to