The Hong Kong Monetary Authority (HKMA) issued a warning to the public on April 28, 2026 about the circulation of tokens that are presented as regulated stablecoins, but are not.
According to the agency, Tokens identified with the symbols “HKDAP” and “HSBC” are circulating, which appear to be linked to authorized entities. However, the HKMA clarified that these tokens have not been issued by nor have any relationship with regulated issuers.
The warning is based on statements released by Anchorpoint Financial Limited and The Hongkong and Shanghai Banking Corporation Limited (HSBC), which denied any link with these assets.
In this framework, HSBC pointed out that has not yet issued any stablecoin in Hong Kong and that Its eventual launch is planned for the second half of 2026.
If finalized, the stablecoin (denominated in Hong Kong dollars) will only be available through PayMe and the bank’s mobile application in that market.
For its part, Anchorpoint reported that, despite having obtained a license as a stablecoin issuer on April 10, 2026, has not launched any assets under the HKDAP name or any other regulated products.
It should be noted that stablecoins are digital assets designed to maintain parity with fiat money, such as the dollar or the Hong Kong dollar, as explained by CriptoNoticias. In this case, the use of names associated with financial institutions It seeks to generate an appearance of legitimacy that can mislead users.
The HKMA emphasized that, so far, no licensed issuer has launched regulated stablecoins in Hong Kong. Therefore, he recommended taking extreme precautions and always verifying information through official sources before interacting with this type of asset.
The regulator also recalled that The purchase and use of stablecoins should only be done through regulated channels. In case of suspected fraud, it urged users to report the situation to the authorities.