Case Study: HSBC achieves interoperable tokenized deposit settlement with Kaleido

HSBC meets targeted throughput benchmarks with Kaleido in HKMA Project Ensemble

Kaleido supported HSBC in overcoming the challenge of demonstrating interoperability between multiple blockchain networks for the HKMA Project Ensemble sandbox. The initiative required validating that tokenized deposits could serve as the cash leg for both Payment vs Payment and Delivery vs Payment settlement workflows within a regulated environment.

The solution Kaleido implemented involved configuring and deploying Hyperledger Besu within HSBC's internal cloud environment. This enabled successful PvP settlement across networks involving HSBC, the HKMA, and Hang Seng Bank, as well as DvP between HSBC's digital bond platform and its tokenized deposit network. The project successfully met its targeted transaction throughput benchmarks in simulated settlement scenarios, validating the proposed framework.

HSBC