HSBC says Hong Kong is better placed than many Asian peers to turn stablecoins into commercially viable products at scale, underpinned by its early lead in tokenisation. Since August 2024, the Hong Kong Monetary Authority has been piloting tokenised deposits, and issued digital green bonds raising HK$10 billion. The granting of stablecoin issuer licenses to HSBC and Standard Chartered marks the next phase. https://www.scmp.com/tech/blockchain/article/3350498/hong-kong-seen-leading-asia-push-scale-stablecoins-hsbc-says #China #Tech #FinTech