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

Odaily News According to informed sources, the list for Hong Kong's first batch of stablecoin issuer licenses is expected to be announced within this month. Shortlisted institutions reportedly include Standard Chartered Bank, HSBC, and the 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 to be on the candidate list, RD Technologies and Lianlian DigiTech (2598) are currently not included in the latest rumored list, and mainland Chinese institutions are also absent from the first batch of shortlisted entities. An HKMA spokesperson stated they do not comment on market rumors. Industry insiders analyze 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)