Nov 3, 2025

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Standard Chartered Partners on HKD-Backed Stablecoin and Crypto Trading Initiatives

Standard Chartered CEO on Blockchain and Digital Money

Standard Chartered CEO Bill Winters predicts all global transactions will eventually settle on blockchains, with all money becoming digital.
This transition is seen as a fundamental restructuring of the financial system, though the exact process remains uncertain.

Industry Leaders' Views

HSBC CEO Georges Elhedery expressed optimism about Hong Kong's fintech future.
Hong Kong praised for leadership in digital asset regulation and blockchain support.
CEOs of BlackRock and Robinhood have also predicted the tokenization of traditional assets.

Standard Chartered's Initiatives

Announced a joint venture with Animoca Brands and HKT to issue an HKD-backed stablecoin.
Participated in the Hong Kong Monetary Authority’s stablecoin issuer sandbox.
Launched spot trading services for Bitcoin and Ether for institutional clients in the UK.
Expanded digital asset offerings through partnerships, including crypto custody services with OKX in Europe.

Hong Kong's Role in Digital Assets

Hong Kong regulators have established sandboxes and frameworks to become a global digital asset hub.
The government supports blockchain innovation with licensing regimes and pilot programs.
The Hong Kong Blockchain Week runs from Nov. 3 to Nov. 7.