The Hongkong and Shanghai Banking Corporation Limited (HSBC) launched HSBC RedCoin [RCHKD], a Hong Kong dollar-backed stablecoin, on the 23rd of October. The bank operates under a Hong Kong Monetary Authority (HKMA) stablecoin issuer licence, […]
Key Takeaways HSBC launched RedCoin (RCHKD), a regulated Hong Kong dollar-backed stablecoin, through its PayMe platform, reaching 3.3 million users and over 100,000 merchants. RedCoin enables instant payments and transfers, with plans to expand into […]
HSBC began rolling out RedCoin to more than 3.3 million PayMe app users on October 23, with full coverage expected before the weekend. The launch follows HSBC’s stablecoin issuer licence from the Hong Kong Monetary […]
TLDR HSBC launched its RedCoin (RCHKD) stablecoin on October 23, targeting more than 3.3 million PayMe users. Customers can use RedCoin for instant transfers and payments at over 100,000 Hong Kong merchants. HSBC plans to […]
Key Takeaways Redcoin will initially be available through PayMe and the bank’s app. Among surveyed customers, 74% recognized a stablecoin use case. Regulatory clarity and education led respondents’ confidence priorities. HSBC Redcoin Targets Transfers and […]
HSBC RedCoin marks a major stablecoin move by a traditional bank in Asia, with the name reflecting HSBC’s Hong Kong roots. The rollout will be phased, beginning with P2P and P2M payments before moving to […]
In a major development confirmed on SEPTEMBER 30, 2026, Confirmed announcement/filing for HANetf Teams Up With HSBC To Launch First GBP & EUR-Hedged Bitcoin Products. This operational move highlights expanding activity across the digital asset […]
HSBC completes its first digitally native structured product issuance using blockchain technology in Hong Kong. Marketnode supports tokenisation and payments, improving structured product efficiency for institutions. The pilot highlights Hong Kong’s growing focus on blockchain-based […]
Key Takeaways HSBC launched its tokenized deposit service in the UAE, adding the dirham to a 24/7 blockchain cash network. The rollout expands HSBC Orion’s footprint, boosting corporate liquidity across global markets. Next, eligible corporate […]
TLDR Hong Kong formed a new expert group to support wider adoption of tokenized bonds. JPMorgan Securities, HSBC, Standard Chartered Bank, UBS, Ant Digital, and HashKey joined the HKMA group. The group will review policy […]
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