Standard Chartered, HSBC Move to the Front of Hong Kong’s Stablecoin Race

HSBC and Standard Chartered will receive Hong Kong’s first stablecoin issuer licenses from the Hong Kong Monetary Authority (HKMA), which reviewed 36 applications and plans to approve only a small batch.

HSBC, Standard Chartered tipped for first Hong Kong stablecoin licenses: Report

Hong Kong is set to issue its first stablecoin issuer licenses, with HSBC and Standard Chartered likely among a “very small number” of initially approved issuers, local media reported.

Alibaba (BABA) Leads $35M Investment in Singapore’s MetaComp Stablecoin Platform

Alibaba’s financial commitment to MetaComp signals a growing trend of major Chinese technology firms channeling investments into compliant stablecoin frameworks abroad — while Beijing continues enforcing stringent cryptocurrency regulations domestically.

China’s Alibaba joins stablecoin platform MetaComp’s $35M fundraise

MetaComp’s Pre-A+ funding round, backed by Alibaba and Spark Venture, brings the total capital raised to $35 million, with aims to expand its StableX Network globally.

Alibaba’s $35 Million Bet Signals a Hidden Stablecoin Powerhouse Rising in Asia

Alibaba led a $35 million Pre-A funding round for Singapore-based MetaComp, a regulated platform that merges stablecoin and fiat payments with tokenized wealth management.

HSBC, Standard Chartered to be first recipients of Hong Kong stablecoin licenses: reports

HKMA Chief Executive Eddie Yue said last month that the regulator had received 36 applications under the new framework.