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Regulation · Permission · Hong Kong · Licence or charter · Hong Kong Monetary Authority

HKMA stablecoin issuer licences FRS01 (Anchorpoint Financial) and FRS02 (HSBC)

The first two licences under the Stablecoins Ordinance, granted from a first batch of 36 applicants. Anchorpoint Financial and The Hongkong and Shanghai Banking Corporation both planned Hong Kong dollar-referenced stablecoins first.

In force · effective 10 Apr 2026 · part of Hong Kong Stablecoins Ordinance (Cap. 656)

Timeline

  1. 10 Apr 2026 · In force
    Both licences take effect.[1]

Held by

Deployments operating under it

DeploymentStatusAssetsUse casesLast reviewed
Anchorpoint HKDAP Hong Kong dollar stablecoinUpdated 8 Nov 2026
Anchorpoint Financial
Live (limited)
Stablecoin
Primary issuanceCross-border paymentsDelivery versus payment (DvP)
Reviewed 21d ago
HSBC RedCoin Hong Kong dollar stablecoinNew
HSBC
Live (limited)
Stablecoin
Domestic paymentsMerchant paymentsFund subscription and redemption
Reviewed 13d ago

Sources

  1. [1]Granting of stablecoin issuer licences — Hong Kong Monetary Authority, 10 Apr 2026. Accessed 12 Oct 2026.A
  2. [2]Register of Licensees under the Stablecoins Ordinance (Cap. 656) — Hong Kong Monetary Authority. Accessed 12 Oct 2026.A