The Hong Kong Monetary Authority (HKMA) announced that the Monetary Authority has granted stablecoin issuer licences under the Stablecoins Ordinance to Anchorpoint Financial Limited and The Hongkong and Shanghai Banking Corporation Limited for issuing stablecoins in Hong Kong.  The licences take effect on 10 April 2026.

According to the licensees’ business plans, they intend to complete the necessary preparation work and launch business in the coming few months.

Mr Eddie Yue, Chief Executive of the HKMA, said, “The granting of stablecoin issuer licences is an important milestone for the development of digital assets in Hong Kong.  The regulatory regime provides an orderly operating environment for stablecoin issuers to apply innovative technologies while ensuring robust user protection and effective risk management, which will foster the development of a healthy, responsible, and sustainable stablecoin ecosystem.  We look forward to the issuers launching business according to their plans, exploring growth opportunities while properly managing risks.  We hope their promotion of regulated stablecoins will address pain points in financial and economic activities, create values for both individuals and businesses, and support the healthy development of digital assets in Hong Kong.”

The HKMA maintains a Register of Licensed Stablecoin Issuers, which contains the latest list of licensees and their relevant information including names, addresses, email contact and other particulars.  The Register is available on the HKMA’s website (link).

Members of the public should stay vigilant to fraudulent activities or scams that are purported to be associated with the licensees or their stablecoin issuance. If in doubt, members of the public may refer to the HKMA’s Register or further reach out to the licensees for verification. When acquiring or using stablecoins, the public is reminded to do so only through regulated channels.

Source: Hong Kong Monetary Authority