Hong Kong Stablecoin License Attracts 80 Applicants As Tokenization Accelerates

Hong Kong’s new Stablecoin Ordinance has drawn interest from around 80 companies seeking issuer licenses, signaling strong confidence in the city’s regulated tokenization push.

Under the framework, stablecoin issuers must maintain reserves entirely in high-quality liquid assets and meet strict oversight standards enforced by the Hong Kong Monetary Authority.

Only a select number of applicants will receive approval in early 2026.

Experts say post-JPEX reforms and centralized supervision under the HKMA have boosted trust, making Hong Kong a leading hub for regulated stablecoin development.

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