Hong Kong gets its first licensed stablecoin issuers

HKMA granted Hong Kong's first stablecoin issuer licences to Anchorpoint and HSBC on 10 April 2026.

Hong Kong now has named, effective stablecoin issuer licences under the HKMA.

The public evidence still points to licensed prelaunch rather than a live operating market.

Anchorpoint and HSBC became the first HKMA-licensed stablecoin issuers on 10 April 2026, listed as FRS01 and FRS02. That moves Hong Kong into named licensed issuance, but not yet into proven live circulation, merchant breadth or settlement scale.