Question 1

Who received Hong Kong's first stablecoin issuer licenses?

Accepted Answer

The HKMA granted licenses on April 10, 2026 to HSBC and Anchorpoint Financial, a joint venture of Standard Chartered Bank (Hong Kong), HKT, and Animoca Brands.

Question 2

When will the licensed stablecoins launch?

Accepted Answer

Anchorpoint targets a phased rollout of its HKDAP token starting Q2 2026, while HSBC plans to launch its HKD stablecoin in the second half of 2026.

Question 3

What conditions must be met before additional stablecoin licenses are issued?

Accepted Answer

HKMA Chief Executive Eddie Yue said the authority will first observe how the initial stablecoins perform, assess whether actual risks match projections, and consider market capacity before approving any new applicants.

Anchorpoint Financial

Anchorpoint’s HKDAP stablecoin red flags called out by blockchain analysts

Hong Kong lists conditions for new stablecoin licenses after first approval batch

One sharp brief.
Every day.

Anchorpoint Financial

Anchorpoint’s HKDAP stablecoin red flags called out by blockchain analysts

Hong Kong lists conditions for new stablecoin licenses after first approval batch

One sharp brief.Every day.

One sharp brief.
Every day.