Standard Chartered, HSBC, and OSL are reported to be shortlisted for Hong Kong's first batch of stablecoin issuer licenses.

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2026-03-12 01:16:15

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Odaily Planet Daily reports that, according to sources, the list of the first batch of stablecoin issuers in Hong Kong is expected to be announced within this month. The shortlisted institutions include Standard Chartered Bank, HSBC, and licensed virtual asset trading platform OSL. The message indicates that the Hong Kong Monetary Authority (HKMA) may announce the results as early as next week, but the final list remains uncertain. Previously, candidates such as Yuanbi Technology and Lianlian Digital (2598) were rumored to be on the list, but they are not seen in the latest rumors, and Chinese-funded institutions have not appeared among the first batch of shortlisted companies. An HKMA spokesperson stated they would not comment on market rumors. Industry experts analyze that the initial licensing will prioritize stability, and banks with strict regulatory backgrounds are expected to dominate to ensure market confidence and system stability. (Sing Tao Headlines)

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