Hong Kong issues first stablecoin issuer licences to two firms

The Hong Kong Monetary Authority has officially granted stablecoin issuer licences to Anchorpoint Financial Limited and The Hongkong and Shanghai Banking Corporation Limited, marking a significant step for digital asset regulation in the region.

These licences, issued under the Stablecoins Ordinance, became effective on April 10, 2026, enabling the two financial institutions to commence stablecoin issuance activities within Hong Kong.

According to their submitted business plans, both licensees are poised to finalize their operational preparations and initiate their stablecoin services to the public and businesses in the coming few months.

This regulatory move aims to establish a structured and secure environment for stablecoin operations, ensuring that innovative technologies can be deployed responsibly while upholding stringent standards for user protection and risk management.

The HKMA's framework is designed to cultivate a healthy, responsible, and sustainable stablecoin ecosystem, providing clarity and confidence for market participants.

HKMA Chief Executive Eddie Yue emphasized the licences as a crucial milestone for Hong Kong's digital asset development.

He stated that the regulatory regime provides an orderly environment for stablecoin issuers, ensuring robust user protection and effective risk management.

This framework aims to foster a healthy, responsible, and sustainable stablecoin ecosystem, creating value for individuals and businesses.

The HKMA maintains a public Register of Licensed Stablecoin Issuers for transparency.

The public is advised to remain vigilant against scams and to only use regulated channels for stablecoin acquisition and use.