Hong Kong Issues First Stablecoin Issuer Licenses
The HKMA has granted a local HSBC unit and a Standard Chartered-Animoca venture the first stablecoin issuer licenses under Hong Kong's domestic rules.
The HKMA has granted a local HSBC unit and a Standard Chartered-Animoca venture the first stablecoin issuer licenses under Hong Kong's domestic rules.
Standard Chartered is reportedly planning to fold parts of Zodia’s custody business into its investment bank as big lenders deepen direct crypto asset services.
Standard Chartered says stablecoin velocity has doubled in two years amid rising payments and TradFi activity, led by USDC and new AI-related flows.
Crypto market maker Keyrock reached a $1.1 billion valuation in a Series C round led by SC Ventures, signaling growing institutional interest in crypto infrastructure.
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