Hong Kong, October 9, 2026 — Finloop Finance Technology Holding Limited (“Finloop”) and HKU-SCF FinTech Academy announced the launch of a joint study on “Tokenised Deposits and HKD Stablecoins: Use Cases and Market Demand”, with surveys and scientific analysis covering institutions across four key sectors: trade, payments, asset management and banking.
This study is Hong Kong’s first landmark project to comprehensively cover four institutional categories and systematically quantify market demand for tokenized deposits and the HKD stablecoin. It aims to provide regulators and government with forward-looking, evidence-based policy recommendations, help Hong Kong build a world-leading digital currency and Web3.0 ecosystem, and reinforce its strategic position as an international fintech hub.
Hong Kong’s digital currency ecosystem is entering a new phase of practical adoption. Following the implementation of the regulatory regime for stablecoin issuers under the Stablecoins Ordinance on 1 August 2025, the business of issuance of fiat-referenced stablecoins is a regulated activity in Hong Kong and a licence is required. On 10 April 2026, the Hong Kong Monetary Authority (HKMA) granted stablecoin issuer licences to Anchorpoint and HSBC for issuing stablecoins in Hong Kong.
Market estimates generally put the global stablecoin market capitalisation above US$300 billion, with the two major US dollar stablecoins, USDT and USDC, together accounting for about 80% of the market. Hong Kong’s tokenised product market is also expanding rapidly. As of March 2026, 13 tokenised products were offered to the public in Hong Kong, with the assets under management of their tokenised classes increasing around seven-fold to HK$10.7 billion over the past year. The market is now moving from proof of concept into scaled application.
In this context, the study aims to address the current gap in market demand data. Using USDT and USDC as benchmarks, the research will systematically examine the views of institutions across the four sectors regarding the use cases, costs and efficiency, compliance and risks, areas where further policy clarity would help, and future market size of tokenised deposits and HKD stablecoins. The questionnaire covers seven major areas, including institutional background, level of awareness, use cases, costs, compliance, policy clarity and market expectations. It also includes quantitative market-sizing questions, with the aim of providing a verifiable data foundation for estimating the potential scale of the industry. All data will be kept strictly confidential and used solely for research and analysis in anonymous and aggregated form. No information identifying individual institutions will be disclosed.
The research team noted that Hong Kong is at a historic juncture for the adoption of tokenised deposits and HKD stablecoins. Citi estimates the median size of Hong Kong stablecoin market to be US$16 billion. Anchorpoint and HSBC have announced their HKD stablecoin brands respectively. The HKMA’s Project Ensemble has supported real-value transactions in tokenised deposits and digital assets. Demand-side market data from institutions, however, has been lacking. This study will quantify real demand and obstacles across the four institutional segments, provide a reference for regulators and the government, and offer forward-looking market insights for industry participants.
How to Participate
The study is now open to institutions in the trade, payments, asset management and banking sectors.
Interested institutions are invited to register by email at rwahk@finloop.hk.
Participating institutions will receive priority access to the research report summary and invitations to a dedicated launch event.
Institutional Enquiries: rwahk@finloop.hk
Media Enquiries: pr@finloop.hk
About Finloop Finance Technology Holding Limited
Finloop Finance Technology Holding Limited, along with its subsidiaries (collectively referred to as “Finloop”), is an AI-driven global one-stop Web5 (Web2+Web3) wealth technology platform located in Hong Kong. Finloop offers comprehensive wealth management products and technology solutions to various financial institutions. Its offerings include cash management, mutual funds, alternatives, structured products, bonds, insurance, and virtual assets. As a fintech leader in Asia during the Web3 wave, Finloop has focused on bridging physical and digital assets, developing a one-stop RWA technology, issuance and distribution platform to pioneer new growth pathways in the wealth management industry. For more information, visit www.finloop.hk and www.finlooprwa.com