Hong Kong Monetary Authority regulator

central_bank · PageRank 0.0112

Profile

Hong Kong's central banking institution and banking supervisor. Drives stablecoin licensing (Stablecoins Ordinance 2025) and tokenization through Project Ensemble. Co-leads Hong Kong's ambition to be Asia's leading regulated crypto hub.

Relations

Top connections in the DeFi Intel knowledge graph (confidence-weighted, 15 of 15 total).

Relation	Connected entity	Confidence
`integrates`	Hsbc Orion	95%
`integrates`	Fnality International	30%
`partnered_with`	HSBC	95%
`partnered_with`	bot-thailand	95%
`partnered_with`	Banque de France	85%
`launched`	Project Ensemble	95%
`issued`	HKMA HK$6B multi-currency digital green bond on HSBC Orion	95%
`granted_license`	Anchorpoint Financial	95%
`granted_license`	HSBC	90%
`regulates`	HSBC	90%
`regulates`	HSBC Gold Token	85%
`regulates`	Société Générale - Forge	40%
`regulates`	Partior Network	40%
`regulates`	DigiFT	40%
`headquartered_in`	Hong Kong	85%

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Frequently asked questions

When did Hong Kong's stablecoin regime start?

The Stablecoins Ordinance regime commenced on 1 August 2025, administered by the HKMA.

Who needs an HKMA stablecoin licence?

Any person issuing a stablecoin in Hong Kong in the course of business, or issuing a stablecoin pegged to the Hong Kong dollar.

Who received the first licences?

The HKMA granted the first two stablecoin issuer licences in April 2026, to Anchorpoint Financial Limited and HSBC.