Banks Double Down on Tokenization 🏦

[etfs]

Two of the world’s largest banks — HSBC and BNP Paribas — have officially joined the Canton Foundation, backing the institutional blockchain network alongside Goldman Sachs and Moody’s.

Why it matters:

Canton is built for real-world asset (RWA) management and tokenized finance

BNP says it’s part of their strategy to meet “evolving client needs”

HSBC is simultaneously pursuing a stablecoin license in Hong Kong and expanding into blockchain custody + bond issuance

Takeaway: The 2025 narrative is shifting from memecoins to RWA tokenization, and the biggest banks want a seat at the table.