Hong Kong to Issue First Stablecoin Licenses in Early 2026
Hong Kong is set to grant its first stablecoin licenses by early 2026, marking a pivotal step in the city's push to cement its role as a global financial hub. Financial Services and Treasury Secretary Christopher Hui confirmed the timeline during a Legislative Council briefing, emphasizing alignment with national development strategies. Thirty-six firms are competing for regulatory approval, with applications submitted as of late September 2025.
The transition period for license implementation will conclude on January 31, 2026. At the World Economic Forum in Davos, Financial Secretary Paul Chan outlined Hong Kong's measured approach to stablecoin adoption—focusing on integration rather than disruption of traditional finance. The MOVE signals a broader shift toward structured crypto oversight in the region.
