The simulated pilot covered issuance, transfer and atomic settlement of HSBC tokenised deposits against other digital assets; the bank named no counterparties or assets.
Kinexys and Digital Asset announced a phased rollout through 2026 that would let institutions issue, transfer and redeem JPMD on Canton, the token's second network after Base.
A seven-day live pilot moved cross-border settlement in under an hour, weekends included. Lloyds chose Canton for its privacy; Visa settled on a separate public chain.
Faster payments and settlement top the list of expected benefits in the bank's annual poll of 100 senior decision-makers. Lloyds has already tested tokenised assets on Canton.
