HSBC welcomes HKMA’s grant of a stablecoin issuer licence
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HSBC welcomes HKMA’s grant of a stablecoin issuer licence 13 April 2026Hong Kong Reporter: Tahlia Kraefft
Image: Govan/adobe.stock.com
The Hong Kong and Shanghai Banking Corporation, a wholly owned subsidiary of HSBC, has welcomed the grant of a stablecoin issuer licensed by the Hong Kong Monetary Authority (HKMA).
HSBC plans to launch a Hong Kong dollar denominated stablecoin in the second half of 2026 under the new licence.
Each stablecoin issued by HSBC will be fully backed by high-quality liquid assets held in segregated accounts, and will meet high financial crime compliance standards.
The HKD stablecoin by HSBC will be seamlessly integrated into the digital platforms,
PayMe and the HSBC HK Mobile Banking App.
The firm says the stablecoin initiative complements HSBC’s offering of a range of secure and regulated digital asset products in Hong Kong, including tokenised deposit services for corporates, digital bonds for institutional investors via HSBC Orion and the HSBC Gold Token.
Maggie Ng, CEO Hong Kong, HSBC, remarks, “We are delighted that the HKMA has granted HSBC a stablecoin issuer licence. We look forward to participating in this pioneering regulatory regime, which will allow HSBC-issued stablecoins to be used safely and securely by our customers for payments and transactions in Hong Kong.
“Today’s news aligns with Hong Kong’s ambition to become a global digital asset hub.”
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Image: Govan/adobe.stock.com 