OSL Group, one of the first digital asset platforms licensed in Hong Kong and listed on the HKEX, today announced a major regulatory milestone for its European subsidiary has secured MiCAR authorization from the Austrian FMA. Fewer than one in five previously registered firms successfully transitioned to full authorization. OSL Group now operates under the…
Investors can buy tradeable digital units to help finance a stage play produced by Hong Kong film star Louis Koo Tin-lok and featuring award-winning actress Fish Liew Chi-yu. Esperanza Fintech Group CEO Dan Ronald Leung Wai-tsun said on Monday that the firm would launch its fifth project this year using investment tokens, which convert an…
For Hong Kong’s 3.3 million PayMe users, everyday transactions such as buying coffee or splitting bills with friends could soon involve stablecoins, with HSBC preparing to introduce the digital currency in the second half of this year. That comes after HSBC Holdings, together with a Standard Chartered-led joint venture, became the first to obtain a…
TLDR Hong Kong has not issued any HKD stablecoin licenses after the March target passed. Financial Secretary Paul Chan Mo-po said authorities would begin issuing licenses in March. The Hong Kong Monetary Authority has not announced any approved stablecoin issuers. An HKMA spokesperson said the authority is actively advancing the licensing process. Reports suggested HSBC…
HSBC, the largest lender in Europe and Hong Kong by assets, has signalled for the first time its intent to engage with the city’s forthcoming stablecoin regime, citing Hong Kong’s sound regulatory environment and its potential to drive innovation in the digital asset space. “We are interested in every part of Hong Kong’s innovation landscape,…
Hong Kong is aiming to sharpen its competitive edge as an offshore yuan hub, an asset and wealth management base, and a digital-asset front runner under Financial Secretary Paul Chan Mo-po’s budget released on Wednesday. Market participants largely welcomed Hong Kong’s renewed push to strengthen its position as an international financial centre, after Chan highlighted…
This file photo dated Aug 1, 2025 shows a logo of stablecoin USDT in Hong Kong. (ADAM LAM / CHINA DAILY) RedotPay, a stablecoin payments company based in Hong Kong, is considering an initial public offering in the US to potentially raise over $1 billion, according to people familiar with the matter. RedotPay is working…
Hong Kong has finalized its Basel crypto rules for banks, codifying standards in legislation while issuing non-statutory guidance that takes a more favorable approach to certain stablecoins and permissionless blockchains than the Basel Committee’s position. The territory is one of the few major jurisdictions implementing the Basel Committee for Banking Supervision (BCBS) crypto rules in…
Crypto exchange operator HashKey Holdings has cleared its Hong Kong listing hearing after an earlier confidential filing, paving the way for a deal that will test investor confidence in the digital asset sector amid evolving regulation. The operator of Hong Kong’s biggest licensed crypto exchange could raise around US$500 million in a listing this month,…
A subsidiary of Fosun International this week marked a new milestone in bringing traditional financial instruments onto a blockchain infrastructure, which it touted as Asia’s first “comprehensive” technical solution for stock performance-linked tokens. Fosun Wealth Holdings-backed start-up Finloop Finance Technology Holding collaborated with FinChain, a Web3 brand under Fosun Wealth, in creating the new solution…