Hong Kong grants first stablecoin licences to StanChart joint venture, HSBC
Published on April 10, 2026.
The Hong Kong Monetary Authority (HKMA) has issued its first batch of licences for fiat-backed stablecoins, marking a significant step towards developing regulated digital currencies in the world. The licenses were granted to HSBC and a joint venture by Standard Chartered, under the city's new policy which came into effect in 2025.
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