APAC · Jurisdiction
Hong Kong
- verified items
- 5
- tracked initiatives
- 3
- banks with licence / notification
- 1
- upcoming dated deadlines
- 0
What banks are doing (observed)
Observed in verified tracker records — what banks in this market have verifiably been authorised for or launched. Not legal advice; open each source for scope.
Stablecoin issuance
HSBC
Tokenized deposits
Citi, HSBC
Key rules & official statements
Verbatim from regulator, central bank and standard-setter sources (Tier 1). Quotes are string-matched against the live page before every deploy.
Regimes tracked: HK Stablecoins Ordinance
- T1RegulatorAPACFSTB and HKMA to further unlock potential of DLT in Hong Kong’s fixed income market
“Hong Kong's legal and regulatory environment is already sufficiently flexible for tokenised bond issuances.”
- T1RegulatorAPACHKMA establishes Tokenised Bond Expert Group
“The feedback received provided reference for the HKMA’s ongoing work with the Financial Services and the Treasury Bureau on reviewing and identifying potential enhancements to Hong Kong’s legal and regulatory regime to facilitate the broader adoption of tokenisation technology in the fixed income market.”
- T1RegulatorAPACHKMA grants first stablecoin issuer licences to Anchorpoint and HSBC
“The Hong Kong Monetary Authority (HKMA) announced today (10 April) that the Monetary Authority has granted stablecoin issuer licences under the Stablecoins Ordinance to Anchorpoint Financial Limited and The Hongkong and Shanghai Banking Corporation Limited for issuing stablecoins in Hong Kong.”
Hong Kong Monetary Authority (opens source in new tab) · Licence / authorisation
Deadlines & key dates
Dates are quoted from the official text; undated rules are shown as stated. All deadlines
1 Aug 2025 · passed
Hong Kong regulatory regime for stablecoin issuers comes into effect
HK Stablecoins Ordinance · Regime in force · Hong Kong Monetary Authority (opens source in new tab)
Licensed / notified banks
Banks whose initiative carries a regulator record (authorisation) or a MiCA Art. 60 notification in our tracker.
- HSBCApproved / authorisedHSBC Hong Kong stablecoin (HSBC RedCoin) · Hong Kong Monetary Authority
Tracked bank initiatives
HSBC Hong Kong stablecoin (HSBC RedCoin)
Approved / authorisedUnknownLive — commercial, within explicit scope
Citi Token Services for Cash
UnknownLive — commercial, within explicit scopeLive — commercial, within explicit scope
HSBC Tokenised Deposit Service (TDS)
UnknownLive — commercial, within explicit scopeLive — commercial, within explicit scope
Latest verified items
- T2Bank / FMIAPAC
HSBC RedCoin launches today
- T2Bank / FMIAPAC
HSBC names its forthcoming Hong Kong stablecoin 'HSBC RedCoin'
- T1RegulatorAPAC
FSTB and HKMA to further unlock potential of DLT in Hong Kong’s fixed income market
- T1RegulatorAPAC
HKMA establishes Tokenised Bond Expert Group
- T1RegulatorAPAC
HKMA grants first stablecoin issuer licences to Anchorpoint and HSBC
Authorities: Hong Kong Monetary Authority