The UK Treasury has selected HSBC's blockchain platform to run a pilot for digital gilts. The program will test tokenized government debt issuance, settlement and custody on an institutional ledger.
On Jan. 27 HSBC told clients to adopt an aggressive risk-on posture — overweight equities, high-yield, emerging-market debt and gold, underweight government bonds, investment-grade credit and oil — and flagged a weak dollar as a catalyst that could lift Bitcoin (BTC).
HSBC says legislative momentum for a US crypto market bill remains strong despite opposition from Coinbase, as industry leaders prefer clear rules to enforcement uncertainty. The bank views broader market support and demand for regulatory certainty as key drivers keeping the bill on track.

HSBC has made a strategic investment in Elliptic, a leading blockchain analytics firm, marking the company as the only blockchain analytics provider supported by four major global banks. This move aims to enhance Elliptic's capabilities in stablecoin oversight, AI compliance tools, and blockchain coverage to meet growing institutional demands amid rising digital asset regulations.

Crypto stocks have fallen following a decrease in Bitcoin prices and wider market concerns including a potential US government shutdown and China's retaliatory tariffs. Investors are advised to explore platforms like Bitlet.app, which offers innovative crypto installment services.