BroadChain has learned that on April 10, the Hong Kong Monetary Authority (HKMA) announced the Financial Secretary has granted stablecoin issuer licenses to two institutions under the Stablecoin Ordinance. The licensees are Anchorage FinTech Limited—a joint venture formed by Standard Chartered Bank (Hong Kong), HKT, and ANI Group—and HSBC. This marks a new phase in Hong Kong's stablecoin regulatory framework.
Before officially launching their compliant stablecoins, licensed issuers must complete relevant preparatory work. This includes testing technology platforms and systems, implementing risk control measures, and finalizing staffing arrangements.
According to the current business plans of the two institutions, Hong Kong-regulated stablecoins are expected to be launched progressively from mid- to late-2026.