Standard Chartered, HSBC, and OSL Reportedly Shortlisted for Hong Kong's First Batch of Stablecoin Issuer Licenses

Odaily According to sources, Hong Kong's first batch of stablecoin issuer license recipients are expected to be announced within this month, with shortlisted institutions including Standard Chartered Bank, HSBC, and licensed virtual asset trading platform OSL. Sources indicate that the Hong Kong Monetary Authority (HKMA) may announce the results as early as next week, but the final list is still subject to change. Previously rumored candidates, RD Technologies and Lianlian DigiTech (2598), are not included in the latest rumored list, and mainland Chinese institutions are also absent from the first batch of shortlisted entities. An HKMA spokesperson declined to comment on market rumors. Industry insiders analyzed that the issuance of the first batch of licenses will prioritize stability, with banks possessing strict regulatory backgrounds expected to dominate to ensure market confidence and system stability. (Sing Tao Headline)