Hong Kong awards first stablecoin licenses to HSBC, Standard Chartered-led group
CoinDesk
The Hong Kong Monetary Authority granted the territory’s first two stablecoin issuer licenses to HSBC and an Anchorpoint Financial consortium.Summary
The Hong Kong Monetary Authority (HKMA) has issued its first stablecoin licenses under the new Stablecoins Ordinance to HSBC and Anchorpoint Financial, a consortium led by Standard Chartered that includes Animoca Brands. The regulator selected these institutions for their robust risk management and ability to align with strict anti-money laundering and know-your-customer (KYC) requirements. These new stablecoins will feature embedded compliance checks, distinguishing them from traditional permissionless tokens. The initiative reflects Hong Kong's strategy to foster a regulated digital asset environment for cross-border trade settlement while deprioritizing a retail central bank digital currency (CBDC).
(Source：CoinDesk)