Blockchain has increasingly been positioned as a transformative technology for modernizing payment infrastructures across the financial sector. Ripple , a United States-based provider of blockchain-based banking payments technology, has maintained a prominent role in this evolution. A document shared by Crypto researcher SMQKE underscores that since 2014, numerous financial institutions, including HSBC, UBS, and Western Union, have initiated trials or advanced commercialization programs focused on Ripple’s solutions. This early experimentation has allowed major global banks to assess the feasibility of blockchain in reducing settlement times and lowering costs in cross-border payments. HSBC —> Announced advanced commercialization efforts using Ripple’s technology. Documented. https://t.co/Ei3AYY4iRv pic.twitter.com/R563HyVzrf — SMQKE (@SMQKEDQG) August 2, 2025 HSBC, in particular, has been identified as one of the financial institutions that progressed beyond limited pilot testing. The documentation highlights that HSBC formally announced advanced commercialization initiatives incorporating Ripple’s technology . These efforts have contributed to the gradual normalization of blockchain infrastructure in mainstream financial services, moving it from proof-of-concept trials to broader operational models. Formation of the Global Payments Steering Group The document further details that banks such as Bank of America Merrill Lynch, Santander , UniCredit, Standard Chartered, Westpac, and Royal Bank of Canada collaborated to establish the Global Payments Steering Group, known as GPSG. HSBC has been connected to this broader ecosystem through its commercialization programs. GPSG was organized to create common rules and governance frameworks that would guide the deployment of Ripple’s blockchain technology in global payments. This governance structure has played a role in establishing shared operational standards, ensuring interoperability, and clarifying compliance practices among participating institutions. The establishment of GPSG represents a key milestone in building collective industry commitment to blockchain infrastructure. The framework has been described as an important step toward addressing regulatory uncertainties while fostering cooperation among major international banks. New Expansion Plans for Blockchain Payment Services In the recent tweet thread, SMQKE shared additional disclosures from a private HSBC investor call held in July 2025. According to this communication, HSBC outlined plans to broaden its blockchain-based services significantly beginning in September 2025. Specifically, the bank intends to introduce “always-on” wholesale cross-border payments that will function 24/7. This development is designed to improve liquidity management and enable clients to settle wholesale transactions without traditional time constraints imposed by standard banking hours. The institution also indicated that preparations are underway for a United States rollout of wholesale blockchain payment services, projected for early 2026. This timeline has reportedly been accelerated by the enactment of recent federal legislation supporting pro-crypto policies. HSBC representatives on the investor call stated that the bank expects to proceed at a rapid pace in bringing these services to market. The commitment to expedite deployment signals a shift from exploratory and pilot activities toward full-scale commercial integration. We are on X, follow us to connect with us :- @TimesTabloid1 — TimesTabloid (@TimesTabloid1) June 15, 2025 Transition from Planning to Large-Scale Deployment The tweet emphasized that HSBC’s remarks reflect a broader industry trend, with financial institutions moving decisively from conceptual planning to implementation of operational blockchain infrastructure. The statement that institutions are advancing toward full-scale deployment indicates that barriers such as regulatory uncertainty and technological integration challenges are being addressed with increasing urgency. Ripple’s role as a technology provider remains central to these developments. The underlying infrastructure that supports real-time cross-border settlement has been subject to years of validation, regulatory dialogue, and incremental commercialization. HSBC’s current initiatives and public disclosures demonstrate that blockchain’s role in wholesale payment systems is transitioning to a new phase defined by production-scale delivery. SMQKE’s coverage of the call and supporting documentation illustrates that HSBC is positioning itself to become a leading adopter of blockchain payments within the banking sector. 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 advised to conduct thorough 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 HSBC Bank Advances Commercialization Efforts Using Ripple Tech appeared first on Times Tabloid .