"The approvals, announced by the Hong Kong Monetary Authority (HKMA), come eight months after the city's Stablecoin Ordinance took effect. The regulator said it reviewed 36 applications but opted to issue only a limited number of licences in the initial phase."
"HSBC plans to launch a Hong Kong dollar-pegged stablecoin in the second half of the year. The token will be integrated into its Payme wallet and mobile banking platform, signaling a direct link between traditional banking services and digital assets."
"The second licence was awarded to Anchorpoint Financial, a consortium led by Standard Chartered that includes Animoca Brands and Hong Kong Telecoms. Both issuers can develop stablecoins tied to the Hong Kong dollar, with the possibility of cross-border payments at a later stage."
Hong Kong has issued its first stablecoin licenses to HSBC and a consortium led by Standard Chartered, marking a significant step in its digital asset strategy. The Hong Kong Monetary Authority reviewed 36 applications but granted only a few licenses initially. HSBC plans to launch a Hong Kong dollar-pegged stablecoin in the latter half of 2026, integrating it with its Payme wallet. The second license was awarded to Anchorpoint Financial, which includes Animoca Brands and Hong Kong Telecoms, allowing for potential cross-border payments.
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