SMQKE (@SMQKEDQG), a popular crypto researcher on X, has drawn attention to a previously circulated document highlighting HSBC’s historical involvement with Ripple’s blockchain technology. His post was in response to a Cointelegraph update revealing that HSBC has debuted Hong Kong’s first blockchain settlement service with tokenized deposits. The researcher then features an excerpt that underscores HSBC’s participation in trials using Ripple’s infrastructure. The document outlines the role of Ripple in advancing blockchain-based payment infrastructure and emphasizes how major financial institutions have explored its solutions since 2014. Specifically, the text states that “dozens of financial institutions, including HSBC,” along with UBS and Western Union, “have announced trials or more advanced commercialisation efforts using Ripple’s technology.” HSBC Using Ripple’s Technology Documented. https://t.co/0RVG7bpSH3 pic.twitter.com/KIh7hTK0vM — SMQKE (@SMQKEDQG) May 24, 2025 Ripple’s Position in Blockchain-Based Payment Infrastructure Ripple, a US-based company providing blockchain-based banking payments technology, has been recognized as a central figure in modernizing global payment systems. The document emphasizes that the shift toward blockchain infrastructure is intended to reduce the time and cost of cross-border transactions. It cites Ripple as one of the “leading players” in this transformation, particularly through its initiatives dating back to 2014. The significance of HSBC’s mention alongside other major institutions lies in the historical validation of Ripple’s enterprise engagements. HSBC’s inclusion among the early adopters involved in trials reflects a broader institutional interest in XRP and Ripple’s technology, one that predates many of today’s blockchain integrations. We are on twitter, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) July 15, 2023 Global Payments Steering Group The document also references the Global Payments Steering Group (GPSG), a body founded by leading banks to guide governance around Ripple’s technology. It notes that institutions such as Bank of America Merrill Lynch, Santander, UniCredit, Standard Chartered, Westpac, and the Royal Bank of Canada “became the founding members” of this group. The document claims the GPSG was established to develop rules and governance around Ripple technology for global payments. Although HSBC is not listed among the founding members of the GPSG in the text, its earlier engagement in trials positions it within the ecosystem of financial institutions exploring Ripple’s solutions. Implications for HSBC’s New Blockchain Offering HSBC’s recent launch of a blockchain settlement service using tokenized deposits represents a notable advancement in adopting distributed ledger technologies in traditional finance. While the new service may not explicitly involve Ripple or XRP, the resurfacing of documentation connecting HSBC to Ripple’s trials shows major banks’ longstanding interest in blockchain infrastructure. The document reinforces Ripple’s influence in shaping the dialogue around blockchain payments and governance. XRP and the XRP Ledger are globally recognized for their notable use cases, and HSBC’s inclusion further anchors Ripple’s relevance among traditional banking giants. Disclaimer : This content is meant to inform and should not be considered financial advice. The views expressed in this article may include the author’s personal opinions and do not represent Times Tabloid’s opinion. Readers are urged to do in-depth research before making any investment decisions. Any action taken by the reader is strictly at their own risk. Times Tabloid is not responsible for any financial losses. Follow us on X , Facebook , Telegram , and Google News The post Researcher Unearths HSBC’s Ties to Ripple (XRP) appeared first on Times Tabloid .
