HSBC Granted Stablecoin License by Hong Kong Monetary Authority in April 2026

According to FinanceFeeds, Hong Kong's Monetary Authority granted HSBC one of its first two stablecoin issuer licenses in April 2026, authorizing the bank to issue HKD-backed stablecoins for institutional settlement. HSBC plans to deploy these stablecoins through its PayMe consumer payment platform and use them to facilitate immediate settlement of tokenized treasury bills and green bonds for private banking clients.

In February 2026, the UK Treasury selected HSBC as the platform provider for the Digital Gilt Instrument pilot, positioning Britain as potentially the first G7 nation to issue tokenized sovereign bonds on a blockchain.