HKMA targets regulated stablecoin framework in coming years
- Asia First
- Jun 18
- 1 min read
Updated: Jun 20

The Hong Kong Monetary Authority (HKMA) aims to establish a reliable, regulated stablecoin environment within a few years, following the enactment of the city’s new stablecoin law effective August 1. Deputy Chief Executive Arthur Yuen said tokenisation is expected to play a significant role in economic and financial transactions over the next five years. He emphasised the need to develop infrastructure for clearing and settlement ahead of demand. Stablecoins, he noted, are a foundational element for tokenised systems, and regulatory work on broader tokenisation can proceed once the stablecoin framework is in place. Yuen also confirmed that HKMA is in discussions with mainland Chinese authorities on enhancing financial market integration, including expanding Stock Connect Schemes, but declined to disclose further details.