HSBC and a joint venture led by Standard Chartered have been awarded Hong Kong’s first stablecoin issuer licences, marking the city’s latest step towards embracing cryptocurrency’s most-traded cash substitute in its bid to become a global digital asset hub.Eight months after Hong Kong’s Stablecoin Ordinance, one of the world’s first such laws, took effect, HSBC and Anchorpoint Financial, the Standard Chartered-led group, received the green light from the Hong Kong Monetary Authority (HKMA) on Friday.“The two applicants have experience in traditional finance and risk management, which fits the mission of stablecoins that aim to bridge traditional finance and digital finance,” said HKMA deputy chief executive Darryl Chan.
SRCSouth China Morning Post
LANGEN
LEANCenter-Right
WORDS107
ENT6
FRI · 2026-04-10 · 09:09 GMTBRIEF NSR-2026-0410-61559
NSR-2026-0410-61559News Report·EN·Economic Impact
Hong Kong awards stablecoin licences to HSBC, StanChart-led group in long-awaited roll-out
Hong Kong has awarded its first stablecoin issuer licenses to HSBC and Anchorpoint Financial, a joint venture led by Standard Chartered. The Hong Kong Monetary Authority (HKMA) granted the licenses eight months after the city's Stablecoin Ordinance took effect.
Enoch YiuSouth China Morning PostFiled 2026-04-10 · 09:09 GMTLean · Center-RightRead · 1 min
South China Morning PostFIG 01
Reading time
1min
Word count
107words
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1cited
Entities identified
6entities
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100%
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Briefing Summary
AI-generatedNEWSAR · AI
Hong Kong has awarded its first stablecoin issuer licenses to HSBC and Anchorpoint Financial, a joint venture led by Standard Chartered. The Hong Kong Monetary Authority (HKMA) granted the licenses eight months after the city's Stablecoin Ordinance took effect. This move signifies Hong Kong's ambition to become a global digital asset hub by embracing stablecoins, a popular cryptocurrency cash substitute. The HKMA stated that the two licensees were chosen due to their experience in traditional finance and risk management, aligning with the goal of bridging traditional and digital finance. Deputy chief executive Darryl Chan communicated the HKMA's decision.
Confidence 0.85Sources 1Claims 5Entities 6
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Article analysis
Model · rule-basedFraming
Economic Impact
Technology
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CalmNeutralAlarmist
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0.80 / 1.00
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Key claims
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The two applicants have experience in traditional finance and risk management.
quoteDarryl Chan, HKMA deputy chief executive
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The HKMA granted the licenses to HSBC and Anchorpoint Financial on Friday.
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Hong Kong's Stablecoin Ordinance took effect eight months prior to the article's writing.
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Hong Kong aims to become a global digital asset hub.
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HSBC and a joint venture led by Standard Chartered have been awarded Hong Kong’s first stablecoin issuer licences.
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Full report
1 min read · 107 words§ 05
Entities
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Keywords & salience
10 termsstablecoin
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hong kong
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licences
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cryptocurrency
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digital asset hub
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standard chartered
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hsbc
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digital finance
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hong kong monetary authority
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stablecoin ordinance
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