Caixin: Sources say JD.com has not withdrawn its stablecoin license application

2026-02-02 09:55:28

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Mars Finance reports that, according to Caixin, Hong Kong Monetary Authority Chief Executive Eddie Yue stated after the Financial Services Committee meeting on February 2, 2026, that a total of 36 institutions have submitted applications for stablecoin licenses, including banks, technology companies, brokerages, asset management firms, investment companies, e-commerce, payment institutions, startups/Web3 companies, etc. Among them, Standard Chartered Bank (Hong Kong) is highly anticipated due to being one of Hong Kong’s three note-issuing banks.

Additionally, two sources mentioned that JD.com’s JD Chain Technology (Hong Kong), previously reported to have withdrawn from the first batch of stablecoin license competitions in Hong Kong, has not actually withdrawn its application. JD Chain Technology (Hong Kong) is also one of the three main entities in the stablecoin testing sandbox.

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