Hong Kong’s HK$20 billion digital green bond offering on HSBC Orion reveals what scaling tokenised capital markets requires: bank money that works across institutions, dependable interbank settlement and payment linked to bond delivery. We unpack the infrastructure and what remains before it can operate around the clock.
Tokenized payments are becoming enterprise software. Swift, ACI, Oracle and IBM are making infrastructure easier for banks to adopt, while treasury platforms bring digital money into corporate workflows. As participation becomes easier, where should banks invest to differentiate—and who will control payment decisions?
UK banks have put tokenized deposits to work in real customer transactions. Scaling those services depends on connecting banks, currencies and settlement systems. We examine the emerging interoperability models and where banks should invest.
Hong Kong’s HK$20 billion digital green bond offering on HSBC Orion reveals what scaling tokenised capital markets requires: bank money that works across institutions, dependable interbank settlement and payment linked to bond delivery. We unpack the infrastructure and what remains before it can operate around the clock.
