HKD-Based Stablecoin to Be Launched Soon: Here Are the Conditions!

Updated

June 26, 2025

Gambar HKD-Based Stablecoin to Be Launched Soon: Here Are the Conditions!

Jakarta, Pintu News – The Hong Kong Monetary Authority (HKMA) recently announced a set of conditions that must be met by companies looking to issue stablecoins tied to the value of the Hong Kong Dollar (HKD).

In a report by Hexun, Eddie Yue, Chief Executive of the HKMA, confirmed that the government’s “sandbox” program is not a mandatory requirement, but one of the important stages in the application process. The main focus of the stablecoin issuance is to facilitate cross-border trade and web applications3.

Check out the full information below!

Key Requirements for License Registration

To obtain a stablecoin issuer license, a company must show a specific business plan that can be realistically implemented. Eddie Yue emphasized that only a few licenses will be awarded in this initial phase.

Each application should include practical scenarios for using their proposed stablecoin. In addition, the company should have strong backup management capabilities.

According to the report, licensees must have a minimum capital reserve of $25 million HKD and must prove their ability to continue operating. If the applicant is an “authorized institution” such as a bank, then they can be exempted from the $25 million HKD capital requirement.

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Sandbox Program and Key Participants

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More than 40 applications have participated in the stablecoin sandbox program in the region, including major companies such as JD CoinChain Technology, Yuanbi Innovation Technology, and a consortium consisting of Ant Group, Standard Chartered, and Hong Kong Telecom through Animoca Brands.

The program allows institutions to test their stablecoin issuance processes and business models in a controlled environment. Eddie Yue stated that participation in the sandbox program is not a guarantee of obtaining a license, but provides valuable insight into the operations and compliance required to support their license application. It also assists the HKMA in assessing the technological and financial readiness of each candidate.

Prioritization of Compliance and Security Systems

Each license applicant must place emphasis on their compliance systems, including anti-money laundering systems and other security measures. This is important to ensure that stablecoin operations operate in accordance with the strict regulatory standards set by the HKMA.

The importance of these systems is not only to meet legal requirements, but also to build trust with users and business partners. Operational reliability and security will be key in determining the long-term success of the issued stablecoin.

Conclusion

With the implementation of the new Stablecoin Regulations on August 1, the HKMA is poised to commence issuing licenses to stablecoin issuers that meet all the set criteria. This move is expected to bring new innovations to the digital finance ecosystem in Hong Kong and strengthen its position as one of the world’s financial centers.

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