Minimum capital
HKD 25,000,000 Fixed paid-up share capital. Licensed banks are treated separately.
Requirements
What it takes.
Application fee
Not published.
Annual fee
HKD 113,020 Fixed, Schedule 3 to the Stablecoins Ordinance
Decision time
Not published. No statutory deadline and no published service standard
Foreign firms
Hong Kong incorporation or a registered local branch. No cross-border licensing.
Reserve rule
100% segregated reserves in high quality liquid assets, redemption within one business day, independent audit
Approval rate
5.6%
Compare this against every other regime in the full comparison, or see the licences recorded in this market.