HSBC and Ant Group Test AI Agent Tokenized Deposit Payments

HSBC and Ant Group have tested a system that allows AI agents to access digital services and make small payments using tokenized bank deposits, with transactions settled in real-time on a blockchain test network. The test combines HSBC's tokenized deposit service, Ant Group's Anvita Flow network, and the layer-two blockchain testing environment Jovay Testnet. HSBC provides settlement capabilities and real-time risk checks, while Ant Group's network coordinates service access and payments. In the demonstration, an AI agent selected a digital service and completed a payment, with both parties referring to such transactions as small payments, typically defined as being under $2. This test is limited to technical validation and does not represent a commercial release or actual customer-facing service. Several banks are currently testing AI agents to initiate financial transactions on behalf of clients. In March, Spain's Santander Bank completed AI agent-initiated payments in a controlled test using Mastercard's Agent Pay infrastructure. In May, Swiss digital asset bank Sygnum tested AI agent-driven transactions on the blockchain mainnet, requiring client approval and signature for each transaction. Spain's CaixaBank also completed AI agent-initiated card transactions using Visa Intelligent Commerce. Ferdinand Dabitz, CEO of Augustus Bank, believes traditional clearing banks struggle to adapt to the demands of automated, round-the-clock transactions.

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