HSBC and Standard Chartered-led group land Hong Kong’s first stablecoin licenses

HSBC and Standard Chartered-led group land Hong Kong’s first stablecoin licenses

Search/NewsVideoPricesResearchConsensus 2026Data & IndicesSponsoredSearch/enPolicyShareShare this articleCopy linkX iconX (Twitter)LinkedInFacebookEmailHSBC and Standard Chartered-led group land Hong Kong’s first stablecoin licensesThe approvals by the Hong Kong Monetary Authority, the territory's central bank, mark the first batch under the Stablecoins Ordinance, which took effect in August 2025.By Sam Reynolds|Edited by Jamie CrawleyUpdated Apr 10, 2026, 9:21 a.m. Published Apr 10, 2026, 9:19 a.m. Make preferred on Hong Kong (Ryan Mac/Unsplash)What to know: Hong Kong granted its first two stablecoin issuer licenses to HSBC and Anchrpoint Financial, a Standard Chartered-led consortium that includes Animoca Brands.The HKMA assessed 36 applications and had signaled that the initial round would be limited.The decision to license the city's note-issuing banks first appears to be deliberate.

Source: https://www.coindesk.com/policy/2026/03/24/hong-kong-awards-first-stablecoin-licenses-to-hsbc-standard-chartered-led-group