stablecoin

As tokenised assets surge, institutions, innovators and regulators, are converging to rewrite how global capital moves, including in Apac, according to a high-level panel discussion at Token2049 in Singapore.

Despite the promising pass of an Ordinance, use cases of stablecoins in Hong Kong remain vague. Adopting retail stablecoins depends on multiple factors, including the regulator’s stance and technical concerns, such as monitoring unhosted wallets.

HSBC’s John O’Neill discusses the bank’s growing focus on digital assets and why Hong Kong has emerged as a key launchpad for its strategy.

A licensing scheme for stablecoin issuers in Hong Kong is expected to be introduced later this year.

FA spoke with industry players who explained how the city will roll the scheme out, and what still needs to happen.

StraitsX and XREX have become the latest two blockchain firms to receive approval from MAS as major payment institutions (MPI) under the city’s payment service providers licensing scheme. They discussed their plans with FA.

Experts share insights around the value potential of a digital currency, following the HKMA’s publication of an initial report on the pilot.