HSBC & OCBC Bank

HSBC: HSBC is a pilot participant and has confirmed its Tokenised Deposit Service is already connected to Swift's new infrastructure.

OCBC Bank: OCBC is a pilot participant, testing tokenized deposit cross-border payments.

HSBC: HSBC is conducting the review as part of its global simplification, potentially divesting Turkish retail and corporate banking to focus on wholesale and international clients.

OCBC Bank: OCBC Bank previously acquired HSBC's retail banking in Indonesia, part of the same global trend.

HSBC: HSBC is the seller, divesting its Egypt retail business to focus on corporate and institutional banking. The deal generates a $300 million pre-tax gain and supports its global simplification strategy, with shares rising over 1%.

OCBC Bank: OCBC is mentioned as acquiring HSBC Indonesia's retail business, part of HSBC's global restructuring but unrelated to the Egypt deal.

HSBC: Analysts noted the unusual nature of the U.S. selling euros and commented on the potential for further coordinated action.

OCBC Bank: Analysts discussed the intervention's signal and potential stop-loss triggers.

HSBC: HSBC collaborates with Ant International on the Whale blockchain platform for cross-border liquidity transfer.

OCBC Bank: OCBC Bank is an existing Alipay+ banking partner in Singapore, enabling its customers to use Alipay+ for cross-border payments.