The Hong Kong Monetary Authority has granted stablecoin issuer licences to Anchorpoint Financial Limited and The Hongkong and Shanghai Banking Corporation Limited, marking the first licences issued under the city’s Stablecoins Ordinance.
The move is seen as a milestone in Hong Kong’s development as a regulated digital asset hub.
The licences took effect on 10 April 2026. Both licensees have indicated they intend to complete preparatory work and launch their stablecoin businesses within the coming months, though specific timelines were not disclosed.
Eddie Yue, Chief Executive of the HKMA, described the granting of the licences as an important milestone for digital asset development in Hong Kong, saying the regulatory regime provides an orderly operating environment that enables issuers to apply innovative technologies whilst ensuring robust user protection and effective risk management.
He expressed hope that the licensees would address pain points in financial and economic activities and create value for both individuals and businesses.
The HKMA maintains a public Register of Licensed Stablecoin Issuers on its website, listing licensees’ names, addresses and contact details.
The authority urged members of the public to remain vigilant against fraudulent activities purporting to be associated with the licensees, and to acquire or use stablecoins only through regulated channels.
