HSBC

Under the agreement, Emirates NBD Egypt will acquire HSBC Egypt’s retail banking portfolio, including its associated branch and ATM network, customer base and relevant employees

The service combines traditional bank deposits with blockchain-based settlement rails

The facilities have been purpose-built to support Core42’s capital intensity and deployment cycles of AI cloud infrastructure

Under the agreement, DET will work with HSBC’s international client base to support market entry and expansion into Dubai, particularly across priority sectors identified under D33

This first DLT-based digitally native bond will be issued by FAB, listed on ADX and made available on HSBC Orion platform