The Hong Kong Monetary Authority has alerted the public to press releases from Anchorpoint Financial Limited and The Hongkong and Shanghai Banking Corporation Limited concerning tokens purported to be associated with licensed stablecoin issuers. It clarified that tokens using the tickers HKDAP or HSBC have been launched, but they were not issued by, and are not otherwise associated with, licensed stablecoin issuers. Both licensed stablecoin issuers have confirmed that they have not issued any regulated stablecoins in the market. The Hong Kong Monetary Authority urged the public to remain vigilant against fraud or scams linked to the licensees or their stablecoin issuance, to consult the two licensees' official announcements if in doubt, and to acquire or use stablecoins only through regulated channels.
Hong Kong Monetary Authority 2026-04-28
Hong Kong Monetary Authority warns HKDAP and HSBC tokens are not issued by licensed stablecoin issuers
The Hong Kong Monetary Authority has warned the public about tokens using the tickers HKDAP and HSBC that are being promoted as linked to licensed stablecoin issuers, clarifying they are not issued by or associated with those licensees. Both licensed stablecoin issuers confirmed they have not issued any regulated stablecoins, and the authority urged the public to remain vigilant against related fraud or scams and to use only regulated channels for stablecoin transactions.