{"id":70951,"date":"2026-04-10T15:30:44","date_gmt":"2026-04-10T15:30:44","guid":{"rendered":"https:\/\/crowdfundjunction.com\/blog\/hong-kong-grants-first-stablecoin-licences-to-hsbc-standard-chartered-consortium-crypto-news-bitcoin-news\/"},"modified":"2026-04-10T15:30:44","modified_gmt":"2026-04-10T15:30:44","slug":"hong-kong-grants-first-stablecoin-licences-to-hsbc-standard-chartered-consortium-crypto-news-bitcoin-news","status":"publish","type":"post","link":"https:\/\/crowdfundjunction.com\/blog\/hong-kong-grants-first-stablecoin-licences-to-hsbc-standard-chartered-consortium-crypto-news-bitcoin-news\/","title":{"rendered":"Hong Kong Grants First Stablecoin Licences to HSBC, Standard Chartered Consortium \u2013 Crypto News Bitcoin News"},"content":{"rendered":"<p><b>(Originally posted on : Bitcoin News )<\/b><br \/>\n<\/p>\n<div>\n<p data-start=\"0\" data-end=\"17\"><strong data-start=\"0\" data-end=\"17\">Key Takeaways<\/strong><\/p>\n<ul data-start=\"19\" data-end=\"301\" data-is-last-node=\"\" data-is-only-node=\"\">\n<li data-section-id=\"zcg6ff\" data-start=\"19\" data-end=\"116\">HKMA granted 2 licences to HSBC and a Standard Chartered-led group, advancing Hong Kong <span>crypto<\/span> plans.<\/li>\n<li data-section-id=\"fj9apo\" data-start=\"117\" data-end=\"209\">New rules require $3 million (HK$25 million) capital and 1-day redemption, boosting trust but limiting yields.<\/li>\n<li data-section-id=\"1mo9i3j\" data-start=\"210\" data-end=\"301\" data-is-last-node=\"\">HSBC plans HKD <span>stablecoin<\/span> in H2 2026, targeting payments and cross-border finance growth.<\/li>\n<\/ul>\n<h2>New <span>Stablecoin<\/span> Licences Advance <span>Crypto<\/span> Push for Hong Kong<\/h2>\n<p>Hong Kong has granted its first <span>stablecoin<\/span> issuer licences to HSBC and a consortium led by Standard Chartered. This marks a key milestone in the city\u2019s push to establish itself as a global center for digital assets.<\/p>\n<p>The approvals, announced by the Hong Kong Monetary Authority (HKMA), come eight months after the city\u2019s <span>Stablecoin<\/span> Ordinance took effect. The regulator said it reviewed 36 applications but opted to issue only a limited number of licences in the initial phase.<\/p>\n<p>HSBC plans to launch a Hong Kong dollar-pegged <span>stablecoin<\/span> in the second half of the year. The token will be integrated into its Payme wallet and mobile banking platform, signaling a direct link between traditional banking services and digital assets.<\/p>\n<p>The second licence was awarded to Anchorpoint Financial, a consortium led by Standard Chartered that includes Animoca Brands and Hong Kong Telecoms. Both issuers can develop <span>stablecoins<\/span> tied to the Hong Kong dollar, with the possibility of cross-border payments at a later stage.<\/p>\n<p>HKMA Deputy Chief Executive Darryl Chan said the selected applicants aligned with the regulator\u2019s goal of bridging digital and traditional markets.<\/p>\n<p>He stated:<\/p>\n<blockquote>\n<p class=\"e8zc9q40 css-1c6uqr6 ec74h0k1\" style=\"text-align:left\" data-qa=\"Component-Component\">\u201cThe two applicants have experience in traditional finance and risk management, which fits the mission of <span>stablecoins<\/span> that aim to bridge traditional finance and digital finance.\u201d<\/p>\n<\/blockquote>\n<h3>Hong Kong\u2019s Strict <span>Stablecoin<\/span> Rules<\/h3>\n<p>Hong Kong\u2019s framework imposes strict requirements on <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> issuers. Tokens must be fully backed by high-quality liquid assets such as cash, bank deposits, or short-term government securities. Issuers need to maintain a minimum paid-up capital of $3.19 million (HK$25 million) and segregate reserve assets from their own balance sheets through legal structures designed to protect users.<\/p>\n<p>The rules also prohibit issuers from offering interest or yield on <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> holdings. Holders must be able to redeem tokens for fiat within one business day, barring exceptional circumstances approved by the regulator.<\/p>\n<p>The rollout highlights Hong Kong\u2019s distinct approach to digital assets under the \u201cone country, two systems\u201d framework. While mainland China continues to ban most <a href=\"http:\/\/www.bitcoin.com\/get-started\/a-quick-introduction-to-crypto\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">crypto<\/a> activity, Hong Kong is positioning itself as a regulated gateway for digital finance.<\/p>\n<p>The <a href=\"http:\/\/www.bitcoin.com\/get-started\/what-are-stablecoins\/\" class=\"lar_link lar_link_outgoing\" target=\"_blank\" rel=\"noopener noreferrer\">stablecoin<\/a> regime is part of a broader strategy to strengthen the city\u2019s role in global capital markets. By offering regulated digital payment tools, authorities aim to attract international firms and provide new channels for cross-border transactions.<\/p>\n<\/div>\n<p><a href=\"https:\/\/news.bitcoin.com\/hong-kong-grants-first-stablecoin-licences-to-hsbc-standard-chartered-consortium\/\">Source link <\/a><br \/>\n<br \/><\/p>\n","protected":false},"excerpt":{"rendered":"<p>(Originally posted on : Bitcoin News ) Key Takeaways HKMA granted 2 licences to HSBC and a Standard Chartered-led group, advancing Hong Kong crypto plans. New rules require $3 million (HK$25 million) capital and 1-day redemption, boosting trust but limiting yields. HSBC plans HKD stablecoin in H2 2026, targeting payments and cross-border finance growth. New [&hellip;]<\/p>\n","protected":false},"author":3947362377,"featured_media":70952,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"om_disable_all_campaigns":false,"_monsterinsights_skip_tracking":false,"_monsterinsights_sitenote_active":false,"_monsterinsights_sitenote_note":"","_monsterinsights_sitenote_category":0},"categories":[32],"tags":[],"_links":{"self":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/70951"}],"collection":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/users\/3947362377"}],"replies":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/comments?post=70951"}],"version-history":[{"count":0,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/posts\/70951\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media\/70952"}],"wp:attachment":[{"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/media?parent=70951"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/categories?post=70951"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/crowdfundjunction.com\/blog\/wp-json\/wp\/v2\/tags?post=70951"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}