HSBC: The current tokenized deposit private chain standard in use is already compatible with Ethereum and consistent with ERC-20.

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According to Mars Finance, Sun Lei, Global Head of Local and Innovative Payment Products at HSBC Global Payment Solutions, stated in an exclusive interview that HSBC has long invested resources in advancing tokenized deposit services. In the future, even if only 5%–10% of commercial bank deposits are tokenized, this would far exceed the scale of any cryptocurrency currently on the market. HSBC’s current private chain technical standards are the same as Ethereum’s EVM compatibility and ERC-20 standards, and it does not rule out that some user scenarios in the future may require choosing a public chain technical route. Regarding whether tokenized loans will be launched next, HSBC is already discussing related programmable applications with clients.

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