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Bank & market adoptionT1RegulatorAPAC

HKMA grants first stablecoin issuer licences to Anchorpoint and HSBC

Published Quote last verified

  • Stablecoins
  • Regulation

Executive summaryFact

The HKMA granted the first stablecoin issuer licences under Hong Kong's Stablecoins Ordinance to Anchorpoint Financial Limited and The Hongkong and Shanghai Banking Corporation Limited, effective 10 April 2026. Both licensees intend to launch business in the coming months; the HKMA maintains a public register of licensed issuers.

Primary source: Hong Kong Monetary Authority ↗

Key factsFact

Event
Licence / authorisation
Jurisdiction
APAC
Source
Hong Kong Monetary Authority
Source tier
Tier 1 · Regulator / central bank
Product
Stablecoin issuance
Regulation
HK Stablecoins Ordinance

Adoption statusFact

  • ApprovedHSBC— Granted one of the first two HKMA stablecoin issuer licences

See the bank adoption tracker

Key datesFact

  • First HKMA stablecoin issuer licences granted

On the regulatory timeline

From the sourceFact

“The Hong Kong Monetary Authority (HKMA) announced today (10 April) 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.”

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

Verbatim from Hong Kong Monetary Authority✓ string-matched against the live page 2026-10-22

Why it matters for banksAnalysis

A global bank (HSBC) is among the first two licensed issuers in a major financial centre, establishing a supervised template for bank-issued, fiat-referenced stablecoins that other banks can benchmark licence applications against.

Editorial analysis, not advice.

What remains uncertain

  • Launch timing: per their business plans, the licensees intend to launch business in the coming few months; no specific date is given.

AIAI-assisted: summary and analysis were drafted with AI from the primary source and are the editor’s responsibility. AI-drafted from the primary source; quote string-matched by scripts/verify.mjs. Methodology · Corrections · Report an error

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