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HSBC RedCoin

Our Hong Kong Dollar stablecoin will soon offer a safe, regulated and fully digitised way to facilitate payments and transactions.

A new way to pay and transact

The HSBC RedCoin will be issued under our stablecoin issuer license (License Number: FRS02) granted by the Hong Kong Monetary Authority (HKMA). Each HSBC RedCoin will be fully backed at all times by high-quality, highly liquid segregated assets, underlining HSBC’s commitment to safety and security in digital assets and currencies.

With HSBC RedCoin, you'll embrace an all-new way to pay and transact on our trusted digital platforms. Pay friends, family, other individuals and merchants via PayMe, or subscribe to tokenised investment products on the HSBC HK App, all while enjoying:

  • Innovation in payments
    Enjoy seamless payments and transfers, with a glimpse of what regulated stablecoins can enable.
  • Safety you can trust
    Designed to be redeemable 1:1 for HKD, supported by bank‑grade infrastructure.
  • Explore tokenised investment products
    Support new tokenised investment and a refreshed wealth experience[@stablecoin-regulatory-approval].

We're working hard to bring HSBC RedCoin to you in 2026. Please stay tuned for future updates on this page!

You'll be able to use HSBC RedCoin for

Peer-to-Peer (P2P) transfers

Make instant transfers using HSBC RedCoin via PayMe[@stablecoin-regulatory-approval].

Peer-to-Merchant (P2M) payments

Pay participating merchants directly with HSBC RedCoin via PayMe[@stablecoin-regulatory-approval].

Tokenised investments

Subscribe to tokenised investment products using HSBC RedCoin through the HSBC HK App[@stablecoin-regulatory-approval].

Notes

Disclaimer 

  • The Bank has no liability for any loss or damage arising directly or indirectly from action taken, or not taken, in reliance on the information above. The Bank gives no guarantee, representation or warranty as to the accuracy, timeliness or completeness of such information, and such information is subject to change without notice.
  • The information shown in this website does not constitute any recommendation, offer, nor solicitation for any investment product or service. Investment involves risk. You should carefully consider whether any investment product or service mentioned herein is appropriate for you in view of your personal circumstances.