Hong Kong

Hong Kong

Finance

Hong Kong crypto exchange CoinEx to cease operations after 9 years in business

Founder and CEO Haipo Yang cited mounting security and compliance risks and said he rejected a sale in favor of a “clean ending.”

Closed store sign (Tim Mossholder/Unsplash)

Finance

Standard Chartered becomes first bank to distribute Hong Kong dollar stablecoin

The London-based multinational bank with $850 billion in assets announced it will distribute Anchorpoint's HKDAP to eligible clients and partners.

Standard Chartered London (Shkuru Afshar/Wikimedia Commons)

Finance

HashKey taps Hong Kong's first regulated stablecoin to settle insurance and trade deals

Following institutional trials, the HKD-pegged asset is being put to work to capture part of Hong Kong's $49 billion trade corridor with the United Arab Emirates

Hong Kong aerial view. skyscrapers. night photo. (Simon Zhu/CoinDesk)

Finance

Standard Chartered-led Anchorpoint launches Hong Kong dollar stablecoin

HashKey Exchange and OSL Group are now authorized distributors, enabling institutional and professional investors to mint and redeem HKDAP tokens.

Hong Kong harbor during a sunrise (Manson Yim/Unsplash)

Markets

Hong Kong’s central bank puts a number on lenders' quantum preparedness. It's very low.

The Hong Kong Monetary Authority published a whitepaper on the quantum preparedness of Hong Kong’s banking industry and its first Quantum Preparedness Index.

Abstract image to denote quantum computing. (Vishal Bansal/Unsplash)

Videos

Why is Asia the epicenter of the next digital asset supercycle?

At #ConsensusMiami, Joseph Chee, Executive Chairman of Solana Company, shared a strategic vision for the "Pacific Backbone" and the institutional road to 5 billion users. Key Takeaways: - Utility & Compliance: APAC institutions are prioritizing stable, end-to-end workflows over market speculation. - Institutional Scale: Partnerships with giants like Mirae ($800B AUM) are moving RWA tokenization from theory to massive scale across Korea, Indonesia, and Singapore. - The Talent Moat: With 10M+ annual STEM grads, the region is no longer just a consumer—it is building the next global financial layer.、 - The B2B2C Path: Navigating 21 different jurisdictions requires a regulated, partner-led strategy—the only viable way to achieve true mass adoption. Watch the interview to see how Solana Company is bridging infrastructure and institutional finance across the Pacific.

Why is Asia the epicenter of the next digital asset supercycle?

Policy

CLARITY will strengthen dollar stablecoins, but Asia wins on yield: HashKey Research

HashKey says U.S. regulatory clarity may unlock institutional adoption of crypto and reinforce USD stablecoins globally, though stricter yield rules could push capital toward Asian markets offering higher returns.

Hong Kong harbor during a sunrise (Manson Yim/Unsplash)

Markets

Bitcoin tests $80,000 as Asia’s bid fades and Hong Kong AI IPOs surge

Western desks are carrying the bitcoin rally alone, with Friday’s jobs report the next test.

Hong Kong's skyline (Chris Lam/CoinDesk)

Policy

Fake Hong Kong stablecoins start trading as real ones remain absent

Tokens using ‘HKDAP’ and ‘HSBC’ tickers are circulating even as the HKMA says no licensed stablecoins have been issued

Hong Kong view over Victoria Harbour.

Videos

Trump-Linked World Liberty Financial raises insider access questions

On-chain data analyzed by CoinDesk shows World Liberty Financial used its own stablecoin and governance tokens to borrow tens of millions through a DeFi protocol whose co-founder is an advisor of the venture. The transactions have left retail depositors exposed to concentrated liquidation risk. CoinDesk's Jennifer Sanasie hosts "CoinDesk Daily."

Trump-Linked World Liberty Financial raises insider access questions