Hong Kong Opens Stablecoin Market with First Approvals for HSBC and Anchorpoint – Finance Magnates

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Hong Kong has issued its first stablecoin issuer licenses under a new regulatory framework overseen by the Hong Kong Monetary Authority.
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The regulator announced the initial batch of approvals on Friday (today). It said this marks the first licenses issued under its stablecoin regime. Two entities were approved. They are Anchorpoint Financial and HSBC.
Anchorpoint Financial is a joint venture. It was formed by Standard Chartered Bank in Hong Kong, Animoca Brands, and Hong Kong Telecommunications. It focuses on digital asset infrastructure linked to regulated financial services.
HSBC’s Hong Kong entity, the Hongkong and Shanghai Banking Corporation Limited, is one of the city’s three note-issuing banks. It is among the largest banking institutions in Hong Kong.
The approvals indicate a cautious start to the licensing process. Regulators appear to be prioritizing bank-linked and institution-backed issuers in the early phase of the regime.
The announcement follows weeks of market speculation over potential licensees. It also follows a delay to earlier expectations. HKMA Chief Executive Eddie Yue said in February that “a very small number of issuers would be licensed in March.” That timeline was not met before the first approvals were issued.
Hong Kong grants first stablecoin licences to StanChart joint venture and HSBC https://t.co/IoY0a2VPvH
Separately, EX.IO signed a memorandum of understanding with Payment Asia. The two companies said they will explore stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term-related payments, custody, trading, and application use cases in Hong Kong. They said the aim is to support infrastructure for regulated stablecoin issuers and promote real-world adoption once the framework is implemented.
Hong Kong’s stablecoin regime took effect on August 1, 2025. It requires issuers of fiat-referenced stablecoins to obtain a license from the Hong Kong Monetary Authority. The framework includes requirements on reserve backing, redemption rights, governance standards, and anti-money laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term controls.
Hong Kong has issued its first stablecoin issuer licenses under a new regulatory framework overseen by the Hong Kong Monetary Authority.
Singapore Summit: Meet the largest APAC brokers you know (and those you still don’t!).
The regulator announced the initial batch of approvals on Friday (today). It said this marks the first licenses issued under its stablecoin regime. Two entities were approved. They are Anchorpoint Financial and HSBC.
Anchorpoint Financial is a joint venture. It was formed by Standard Chartered Bank in Hong Kong, Animoca Brands, and Hong Kong Telecommunications. It focuses on digital asset infrastructure linked to regulated financial services.
HSBC’s Hong Kong entity, the Hongkong and Shanghai Banking Corporation Limited, is one of the city’s three note-issuing banks. It is among the largest banking institutions in Hong Kong.
The approvals indicate a cautious start to the licensing process. Regulators appear to be prioritizing bank-linked and institution-backed issuers in the early phase of the regime.
The announcement follows weeks of market speculation over potential licensees. It also follows a delay to earlier expectations. HKMA Chief Executive Eddie Yue said in February that “a very small number of issuers would be licensed in March.” That timeline was not met before the first approvals were issued.
Hong Kong grants first stablecoin licences to StanChart joint venture and HSBC https://t.co/IoY0a2VPvH
Separately, EX.IO signed a memorandum of understanding with Payment Asia. The two companies said they will explore stablecoin Stablecoin Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Unlike other cryptocurrencies like Bitcoin and Ethereum, stablecoins are cryptocurrencies that have been designed to keep a stable value. Placing a greater emphasis on stability over volatility can be a huge draw for some investors. Many individuals can be turned off from large swings and uncertainty presented by cryptos relative to other traditional assets.Stablecoins control for this volatility by being pegged to another cryptocurrency, fiat money, or to exchange-traded commodities, including Read this Term-related payments, custody, trading, and application use cases in Hong Kong. They said the aim is to support infrastructure for regulated stablecoin issuers and promote real-world adoption once the framework is implemented.
Hong Kong’s stablecoin regime took effect on August 1, 2025. It requires issuers of fiat-referenced stablecoins to obtain a license from the Hong Kong Monetary Authority. The framework includes requirements on reserve backing, redemption rights, governance standards, and anti-money laundering Money Laundering Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Money laundering is a blanket term to describe the process by which criminals disguise the original ownership and proceeds of criminal conduct by making such proceeds appear to be derived from a legitimate source.Money laundering is an issue that traverses countless industries and sectors, which includes the financial services space. Though criminal money may be successfully laundered without the assistance of the financial sector, billions of dollars’ worth of criminally derived money are laund Read this Term controls.
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