Hong Kong Stablecoin Licences Granted to HSBC and Anchorpoint

Hong Kong stablecoin licences have been issued for the first time to HSBC and Anchorpoint Financial, marking a key milestone in the city’s regulated digital asset strategy.

The Hong Kong Monetary Authority said it received 36 applications last year, though Deputy Chief Executive Daryl Ho noted that further approvals would remain “very limited.”

Anchorpoint, a joint venture led by Standard Chartered with Animoca Brands and HKT, plans to expand access through selected distributors.

HSBC said its stablecoin will be integrated into PayMe and its Hong Kong mobile banking app, supporting payments and tokenised investments.

The move reinforces Hong Kong’s ambition to become a leading regulated hub for digital finance.