Hong Kong's First Batch of Stablecoin Licenses: HSBC and Standard Chartered Expected to Lead the Way

SighingCashier · 2026-03-12T18:46:31+00:00

The Hong Kong Monetary Authority will soon announce the first batch of stablecoin license recipients, emphasizing the importance of issuers' risk management and capital strength, with banks becoming the preferred choice. A joint venture between HSBC and Standard Chartered is expected to be among the first institutions to receive licenses.

SighingCashier

2026-03-12 18:46:31

Abstract generation in progress

March 13, 2026

Hong Kong’s First Stablecoin Licenses HSBC and Standard Chartered Expected to Lead

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The Hong Kong Monetary Authority will announce the list of the first stablecoin licensees this month. According to multiple sources, the HKMA has placed great emphasis on the risk management capabilities and security of issuing institutions during the initial approval process. They prefer to authorize institutions with strong capital backing to serve as issuers, making banks the top candidates. It is understood that HSBC and a joint venture led by Standard Chartered are likely to “get a head start” and may become among the first to receive stablecoin licenses in Hong Kong. Anchorpoint early …

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