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CryptoMedium•13 April 2026•

1 min read

Hong Kong Grants First Stablecoin Licenses to HSBC and Standard Chartered JV

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Key Facts

1The Hong Kong Monetary Authority (HKMA) issued the first batch of fiat-backed stablecoin licenses.

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3 additional sources confirmed this story

The Hong Kong Monetary Authority (HKMA) has officially issued its first batch of licenses for fiat-backed stablecoin issuers, marking a significant milestone for the region's digital asset sector. The recipients include HSBC Hong Kong and Anchorpoint Financial, a joint venture between Standard Chartered, Animoca Brands, and Hong Kong Telecommunications (HKT). These approvals were granted under the newly implemented Stablecoins Ordinance, which came into effect in August 2025 to provide a robust regulatory framework. This initiative aligns with Hong Kong’s strategic ambition to become a premier global hub for regulated digital assets and international trade finance. The involvement of major banking institutions like HSBC and Standard Chartered provides substantial institutional credibility to the emerging stablecoin ecosystem. Industry experts anticipate that this move will pave the way for broader adoption of regulated digital currencies across global financial markets.