Global banks ramp into tokenization and stablecoins in 2026.

Regulatory progress is a key factor. The EU, UAE, Hong Kong and others have adopted crypto rules, while the US plans to implement stablecoin rules under the GENIUS Act in 2026–2027. Emerging frameworks give banks more clarity and promote cross-border baseline standards.

Customer demand and national innovation goals push banks toward digital assets. Wealthy individuals and corporate clients want custody and management services, and countries view digital assets as a competitiveness tool. Banks that delay risk losing business to crypto-native firms and fintechs.

Banks are moving into two main areas: stablecoins and tokenization. Several institutions have launched or tested stablecoins, including Societe Generale, a consortium of European banks, ANZ and Standard Chartered.

Tokenization has gained traction for deposits, bonds and securities. HSBC.com/en-gb/solutions/hsbc-orion”>HSBC launched a platform for tokenized deposits and Gold, and UBS introduced a tokenization service described as “a full-service offer for digital asset services” that “supports opportunities across origination, distribution and custody, initially focusing on tokenization of bonds, funds and structured products.”