Banking Giant HSBC Launches Tokenization-Based Receivables System For India

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As per the announcement, the British multinational financial services launched its Digital Accounts Receivable Tool (HSBC DART) that is based on tokenization technology developed by Australian blockchain-powered Fintech company Identitii Ltd.

#Blockchain technology has the potential to revolutionise #trade. Today we completed a trade transaction across two independently built blockchain platforms – merging the financial with the physical logistics of trade. We are #TransformingTrade. pic.twitter.com/ZIoamuWvtI

— HSBC (@HSBC) June 19, 2019