Hong Kong to issue first stablecoin licenses in March
- ByStartupStory | February 26, 2026
Hong Kong plans to issue its first stablecoin issuer licenses in March, according to Finance Secretary Paul Chan during the 2026-27 budget speech.
The government has established a licensing regime for stablecoin issuers, with regulators expected to approve initial licenses for fiat-backed stablecoins next month.
Additionally, Hong Kong intends to introduce legislation this year to regulate digital asset dealers and custodians, expanding the scope of licensing beyond stablecoins and trading platforms.
The Securities and Futures Commission (SFC) will also focus on improving market liquidity and enabling a broader range of products for professional investors, including plans to allow crypto margin financing and derivatives.
Hong Kong’s strategy also emphasizes tokenization of traditional finance instruments, with plans to issue guidance on maintaining debenture registers on blockchains and exploring electronic signatures for tokenized bonds.
The Hong Kong Monetary Authority will continue developing its wholesale CBDC platform to support cross-border digital asset settlement.
🔗 Source: The Block
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