# HSBC

> HSBC: Bank · tokenized deposits. Confidentiality status: Pilot.

Part of the Soda Labs Privacy Hub, a neutral directory of the on-chain privacy
landscape: https://www.sodalabs.xyz/privacy-hub

## Key facts

- Entry type: Token issuer or protocol
- Category: Bank · tokenized deposits
- Confidentiality status: Pilot
- Tags: bank, payments
- Canonical page: https://www.sodalabs.xyz/privacy-hub/tok-hsbc

## Overview

HSBC is among the seventeen banks in SWIFT's shared ledger pilot for tokenized deposits, where privacy and data localisation are named as open challenges and zero-knowledge proofs are cited as a possible answer rather than a shipped component.

## Sources

- [Pilot coverage](https://www.fintechfutures.com/blockchain-crypto-digital-assets/swift-launches-blockchain-ledger)

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- [Monero](https://www.sodalabs.xyz/privacy-hub/monero): Private-by-default cryptocurrency
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- [Aave](https://www.sodalabs.xyz/privacy-hub/tok-aave): Onchain lending