# Hong Kong granted its first two stablecoin issuer licenses to HSBC and Anchorpoint Financial.

*fintech · news · 2026-04-10 · CoinDesk*

## Key points

- Hong Kong granted its first stablecoin issuer licenses to HSBC and Anchorpoint Financial.
- Licensed HKD stablecoins must embed strict KYC and whitelist compliance into their smart contracts.
- The HKMA deprioritized a retail CBDC after pilot results showed weak demand for such a product.
- Hong Kong's stablecoin model leverages its historic note-issuing banks to issue regulated digital tokens.

**Companies:** HSBC, Standard Chartered, Animoca Brands
**Countries:** Hong Kong

[Read the full story on CoinDesk](https://www.coindesk.com/policy/2026/03/24/hong-kong-awards-first-stablecoin-licenses-to-hsbc-standard-chartered-led-group)

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