HSBC settles millions of FX transactions with DLT

blockchain — Better connections: HSBC says DLT has increased efficiency across its businesses

- By Laura Matthews
- 16 Jan 2019

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HSBC, one of the world’s largest currency dealer banks, is looking at using distributed ledger technology (DLT) to help clients with multiple treasury centres and cross-border payments improve the management of their internal currency flows.

The move comes as HSBC said it successfully settled more than three million foreign exchange transactions using DLT in 2018, signalling the emerging technology is gaining greater significance in mainstream finance.

HSBC also announced on January 14 that it

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