Standard Chartered, HSBC, and OSL are reportedly set to be shortlisted for Hong Kong’s first batch of stablecoin issuer licenses
Svmuu News: According to sources, the list of Hong Kong’s first batch of stablecoin issuer licenses is expected to be released within this month, with shortlisted institutions including Standard Chartered Bank, HSBC, and the licensed virtual asset trading platform OSL. Reports indicate that the Hong Kong Monetary Authority (HKMA) may announce the results as early as next week, though the final list remains subject to change. Yuan Coin Technology and LianLian Digital (2598), previously rumored to be on the shortlist, are currently absent from the latest list of candidates, and no mainland Chinese institutions appear among the initial shortlist. An HKMA spokesperson declined to comment on market rumors. Industry analysts suggest that the issuance of the first batch of licenses will prioritize prudence, with banks possessing a strong regulatory track record expected to dominate to ensure market confidence and systemic stability. (Sing Tao Headlines)
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