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HKMA Grants First 2 Stablecoin Issuer Licences to JV Led by HSBC/ Stanchart; HSBC Plans to Launch HKD Stablecoin in 2H26
2026-04-10 17:13:17 The Hong Kong Monetary Authority (HKMA) announced that the Monetary Authority has granted stablecoin issuer licences under the Stablecoins Ordinance to Anchorpoint Financial and HSBC for issuing stablecoins in Hong Kong. The licences take effect today. Anchorpoint Financial is a joint venture established by Standard Chartered Bank, Animoca Brands and HKT-SS (06823.HK). According to the licensees' business plans, they intend to complete the necessary preparation work and launch business in the coming few months. The Chief Executive of the HKMA, Eddie Yue, said that the granting of stablecoin issuer licences is an important milestone for the development of digital assets in Hong Kong. The regulatory regime provides an orderly operating environment for stablecoin issuers to apply innovative technologies while ensuring robust user protection and effective risk management, which will foster the development of a healthy, responsible, and sustainable stablecoin ecosystem. HSBC stated that it plans to use this newly obtained license to launch a HKD stablecoin in 2H26. The stablecoin issued by HSBC will be fully backed at all times by high-quality liquid reserve assets held in separate accounts, and will comply with the highest standards of financial crime compliance, reflecting HSBC’s commitment to ensuring the security and soundness of digital assets and currencies. ~ AASTOCKS Financial News Website: www.aastocks.com | |