Ant International and HSBC Pilot Tokenised Deposits in the UAE
- —Ant International and HSBC are piloting tokenised deposits in the UAE
- —Tokenised deposits are bank liabilities on a blockchain, not stablecoins
- —The UAE encourages supervised digital asset experimentation
- —Scale, currencies and timeline of the pilot remain undisclosed
Why it matters: Bank-issued tokenised deposits could compete with stablecoins for settlement under tighter regulatory oversight.
Source: Bitcoin Insider