Hong Kong

Fake tokens called “HKDAP” and “HSBC” have appeared in the market, falsely claiming links to HSBC and Anchorpoint Financial’s planned stablecoins in Hong Kong. The HKMA and both firms have warned investors that no official stablecoins have launched yet and the tokens are scams.

Avenir’s trading team linked to the Huobi founder is being moved into Bitfire, which is acquiring it for US$1.6 million. Bitfire plans to use it to launch a regulated Bitcoin product targeting up to 10,000 BTC from investors in Hong Kong.

Hong Kong has issued its first stablecoin issuer licences under its new regulatory regime, approving HSBC’s Hong Kong banking arm and a Standard Chartered-linked consortium led by Anchorpoint Financial.

A 66-year-old retiree in Hong Kong lost approximately $840,000 over six months after being drawn into a sequence of crypto scams that escalated from investment promises to repeated recovery traps,

Hong Kong and mainland China are moving to hardwire blockchain into the arteries of cross-border trade, deepening financial integration between the two hubs in what could become one of Asia’s most ambitious digital infrastructure projects.

Hong Kong is set to issue its first stablecoin licences in March 2026, following the new Stablecoins Ordinance. The city is also expanding crypto market rules and tokenisation projects while China remains cautious about cryptocurrency activity.

Hong Kong is on the verge of a historic milestone in regulated crypto adoption. The city’s financial regulator, the Hong Kong Monetary Authority (HKMA), is preparing to grant the first-ever stablecoin licenses as early as March 2026, signaling the territory’s ambition to become a safe, regulated hub for digital assets.

Hong Kong’s Hang Seng Investment Management has officially launched the Hang Seng Gold ETF on the Hong Kong Stock Exchange, offering investors direct exposure to physical gold for the first time.

Hang Seng is launching a new gold ETF on the Hong Kong Stock Exchange with both regular shares and tokenized units on blockchain. The fund holds physical gold in Hong Kong and aims to attract both traditional and crypto investors.

Hong Kong plans to issue its first stablecoin licences in the first quarter of 2026 as part of its wider push to develop a regulated crypto ecosystem. The city already licences cryptocurrency trading platforms and has been advancing tokenisation projects, including green bonds and digital asset pilots.