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HSBC to Launch Tokenized Deposits In US And UAE in 2026

HSBC is set to offer tokenized deposits to corporate clients in the US and the UAE beginning in the first half of 2026. This initiative follows their previous introduction of the Tokenized Deposit Service (TDS) in Hong Kong. HSBC's global head of payments solutions, Manish Kohli, emphasized the growing importance of tokenization in financial services, highlighting that tokenized deposits allow for instant transfers and programmable payments. Unlike stablecoins, which are backed by assets, tokenized deposits are based on the bank's balance sheet and offer features like interest payouts. HSBC plans to leverage these deposits in areas such as programmable payments and treasury automation. While focusing on tokenized deposits, HSBC may also explore the issuance of a stablecoin, contingent on clearer legal frameworks.

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Morning Minute: The White House and IRS Target Foreign Crypto Holdings

The White House has proposed new regulations that would require U.S. taxpayers to report and pay taxes on foreign cryptocurrency accounts. This initiative mimics existing frameworks like FBAR and FATCA, intended to encompass various foreign entities such as centralized exchanges, custodians, and even potentially offshore wallet providers. The IRS

Crypto ETFs Enter Maturity Phase as IRS and SEC Actions Drive Rapid Expansion of Products

Crypto ETFs are transforming from speculative instruments to long-term investment vehicles as mainstream adoption increases. Recent IRS guidelines allow funds to stake assets like ether and solana without jeopardizing their tax status, generating predictable yields. This shift enables ETFs to compete with private wallets that offer staking rewards. The SEC&

Techno-optimism and problems as a conduit of progress

Recent outages affecting popular services like ChatGPT and Uber highlight a trend in technology where solutions create new challenges. The transition from dedicated servers to cloud delivery networks (CDNs) enhanced web performance and security but led to concentrated failures instead of isolated incidents. This aligns with Kevin Kelly's

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