HSBC's blockchain project establishes XRP as the core infrastructure for international settlements

XRP climbed above $2.86 in early September 2025, sparking renewed enthusiasm among both analysts and investors as the token seems set for a notable upward move. This surge happened alongside a pivotal event in institutional blockchain: HSBC introduced cross-border tokenized deposits in partnership with Ant International. Experts believe this initiative could accelerate the adoption of blockchain-based settlement solutions and increase demand for

Ledger (XRPL) as a core infrastructure platform.

HSBC’s Tokenized Deposit Service (TDS), first announced in May 2025 and expanded internationally in September, utilizes blockchain to convert traditional fiat deposits into digital tokens, allowing for continuous, real-time settlements between China Hong Kong and Singapore. Supporting currencies such as the U.S. dollar, British pound, and euro, the service replaces batch processing with programmable, atomic transactions, minimizing both counterparty and liquidity risks. Ant International, as an early adopter, completed the inaugural U.S. dollar tokenized deposit transfer, representing a major milestone in bringing blockchain to corporate treasury operations [5].

This advancement aims to optimize global cash management by providing instant liquidity, programmable payment capabilities, and smooth integration with business systems. Manish Kohli of HSBC highlighted that the service “merges real-time liquidity, programmability, and secure blockchain settlement,” making it a valuable resource for clients to “future-proof their treasury operations” amid rapid changes in finance [9]. Kelvin Li from Ant International noted that tokenization is “crucial for enabling faster, more affordable, and reliable international transactions,” emphasizing the partnership’s commitment to scalable solutions for businesses of any size.

Market observers view the HSBC-Ant partnership as a strategic advantage for XRP, given its natural fit with tokenized settlement frameworks. The XRP Ledger, recognized for its speed, low transaction costs, and institutional use, could become a key component for cross-border payment systems aiming for greater efficiency and interoperability. Crypto analyst Emilio Bojan identified $2.86 as a pivotal level for XRP, suggesting that a sustained move above $3.01–$3.03 could lead to further gains. With large holders accumulating and liquidity rising, technical signals point to renewed bullish sentiment for XRP [5].

The tokenized deposit approach also reflects a broader shift toward modernizing financial infrastructure. By removing time-zone constraints and cutting operational costs, HSBC’s offering showcases how blockchain can reshape traditional banking. The planned expansion to the U.K. and Luxembourg, with additional global rollouts on the horizon, highlights the scalability of this model. For XRP, this could translate into greater institutional uptake as organizations look for efficient, high-performance settlement options [7].

Although XRP’s price movement and HSBC’s blockchain project are separate developments, their overlap signals a growing integration of institutional blockchain solutions with digital asset networks. The XRP Ledger’s established role in cross-border payments and its energy-efficient consensus process make it a strong candidate for tokenized deposit systems. As

and Ant International broaden their collaboration, the utility of XRP in these networks could further boost its value.

Currently, XRP’s progress is under close observation by the market. If the token maintains momentum above key resistance points and institutional adoption of tokenized assets continues to grow, XRP could strengthen its position as a bridge between conventional finance and blockchain technology. As HSBC’s TDS continues to expand, the resulting impact on XRP and the wider blockchain sector could be substantial.