HSBC is using blockchain as opposed to a traditional database because it plans to tokenize the $10B in private placements after it digitizes them.
Source: https://www.coindesk.com/hsbc-puts-10b-of-private-placements-on-r3s-corda-blockchain
HSBC Puts $10B of Private Placements on R3’s Corda Blockchain
March 27, 2020
CoinDesk
