Bank · UK
HSBC
3 verified items · Official site: www.hsbc.com ↗
Appears in: Banks issuing tokenized deposits & stablecoins
Adoption status
- 2026-09-30AnnouncedStablecoin issuanceNamed forthcoming stablecoin 'HSBC RedCoin'; phased rollout starting with P2P and P2M payments
- 2026-08-20LiveTokenized depositsFirst live cross-border bank-to-bank tokenised deposit transaction on Swift’s blockchain ledger
- 2026-08-20LiveTokenized depositsHSBC Tokenised Deposit Service (TDS): live in six markets — HK, SGP, LUX, UK, US and the UAE
- 2026-04-10ApprovedStablecoin issuanceGranted one of the first two HKMA stablecoin issuer licences
Regulatory dates
- 1 Aug 2025Hong Kong regulatory regime for stablecoin issuers comes into effect
Coverage
- T2Bank / FMIAPAC
HSBC names its forthcoming Hong Kong stablecoin 'HSBC RedCoin'
HSBC announced the name of its forthcoming Hong Kong stablecoin, HSBC RedCoin, alongside survey findings on consumer understanding of stablecoins. HSBC said it plans a phased rollout starting with person-to-person and person-to-merchant payments before expanding to corporate and institutional use cases.
HSBC - T2Bank / FMIAPAC
HSBC and Standard Chartered execute first live tokenised deposit transaction on Swift's blockchain
HSBC and Standard Chartered completed the first live cross-border bank-to-bank tokenised deposit transaction on Swift's blockchain-based ledger, with obligations recorded on HSBC's Tokenised Deposit Service and Standard Chartered's tokenised-deposit infrastructure. HSBC said its Tokenised Deposit Service is live in six markets.
HSBC - T1RegulatorAPAC
HKMA grants first stablecoin issuer licences to Anchorpoint and HSBC
The HKMA granted the first stablecoin issuer licences under Hong Kong's Stablecoins Ordinance to Anchorpoint Financial Limited and The Hongkong and Shanghai Banking Corporation Limited, effective 10 April 2026. Both licensees intend to launch business in the coming months; the HKMA maintains a public register of licensed issuers.
Hong Kong Monetary Authority