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Cross-Border Payment

Definition ∞ A cross-border payment is a financial transaction where the sender and recipient are situated in different countries. Historically, these payments have involved multiple intermediaries, leading to increased costs and extended processing times. Blockchain technology offers streamlined solutions to expedite and reduce the expense of such international transfers.
Context ∞ There is a global impetus to enhance the efficiency and cost-effectiveness of cross-border payment systems. Central bank digital currencies and stablecoins are being investigated as potential alternatives to conventional correspondent banking networks. These innovations seek to overcome existing frictions and establish more seamless international financial channels.

Various blue and clear crystalline structures, emblematic of digital assets and tokenization, rest on a pristine white surface representing cold storage. Raw blue elements suggest unminted blockchain blocks or mining rewards, while faceted clear crystals symbolize refined non-fungible tokens NFTs or smart contracts. A white fabric piece hints at wrapped tokens or enhanced security protocols. The reflective foreground signifies liquidity pools within a decentralized finance DeFi ecosystem, emphasizing transparency and the immutable nature of distributed ledger technology DLT.

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→Enterprise DLT

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HSBC Scales Tokenized Deposits to US and UAE Corporate Treasuries

The expansion of regulated, on-balance sheet deposit tokens delivers 24/7, near-instant liquidity for multinational treasury operations, fundamentally reducing counterparty and settlement risk.