Hong Kong's first batch of stablecoin licenses to be issued next week, with Standard Chartered, HSBC, and OSL shortlisted

On March 12, according to sources cited by Sing Tao Daily, Hong Kong is about to issue its first batch of stablecoin licenses. Traditional banking giants Standard Chartered, HSBC, and the local virtual asset trading platform OSL Group are among the companies to receive the initial licenses.

The report states that the list may be announced as early as next week, but there are still uncertainties before the official rollout. Currently, no Chinese-funded institutions are seen on the leaked list, and the Hong Kong Monetary Authority has not commented on such rumors. If true, this will be a key milestone in Hong Kong’s digital asset regulatory process.

Analysts believe that with the successful inclusion of financial giants HSBC and Standard Chartered, it marks an acceleration of traditional financial institutions entering the digital asset space; meanwhile, the inclusion of virtual asset trading platform OSL reflects regulatory support for local licensed entities.

This move not only establishes a compliance benchmark for the market but also provides an important reference for subsequent applications. The market is closely watching for the official announcement next week, eagerly awaiting the final reveal of this major strategic move in the digital asset sector.

#香港 #First Batch of Stablecoin Licenses