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Issuer profile REFERENCE · issuer profile · as of 2026-10-26

HSBC (RedCoin) 1 Verified

In short: HSBC (RedCoin) issues RCHKD. Issuing entity: The Hongkong and Shanghai Banking Corporation Limited (HSBC Hong Kong). Headquarters: Hong Kong. Status: Active. Licences on record: 1 (1 authorised; 1 confirmed on a regulator's official public register). Reserve reports: no public data (—). Reference data as of 2026-10-26.

StatusActive
VerificationPending
CoverageExperimental
Licences1 / 1authorised / on record
SRS ILLUSTRATIVE—StableRadar Score, sample method
Profile as of2026-10-26
N/A
Regulatory Compliance Score
Insufficient data — newly added issuer, inputs under review · 75% of inputs available
Not legal advice; algorithmic assessment from public sources.
No live 7-day price series for this issuer.
◎Peg deviation (live)—
$Supply 30d → now (DefiLlama)—
↔24h volume (CoinGecko)—
⛓Chains with supply—

Company

HQHong Kong
Founded1865
ModelFiat-backed (HKD stablecoin, bank-issued)
Websitewww.about.hsbc.com.hk ↗

Products & supply LIVE

Total (CoinGecko)—

No DefiLlama chain data.

REFERENCE · issuer official site · as of 2026-10-26

Product list not yet captured from about.hsbc.com.hk.

REFERENCE · issuer official site · as of 2026-10-26

Not checked yet for about.hsbc.com.hk.

Licences & authorisations1 on record · 1 ✓ on a regulator register

REFERENCE · regulator registers / issuer disclosures · as of 2026-10-26

Confirmed by regulator register · always shown

JurisdictionRegulatorLicence / status detailDateStatusEvidence
HKHKMALicensed stablecoin issuer, licence FRS02 (HSBC RedCoin, RCHKD)10 Apr 2026AuthorizedVerified

AssuranceNo public data
Audit / attestation firm—
FrequencyNo public data
Composition (per issuer)High-quality, highly liquid segregated assets (per company)
CustodiansHSBC Digital Assets Custody (per company)
Latest disclosed—
Evidencereport ↗

2026-10-23

HSBC RedCoin (RCHKD) launches on PayMe by HSBC; more than 3.3 million PayMe users can activate a wallet (per company).

HSBC press release ↗HSBC RedCoin page ↗

Redemption terms

Redeemable 1:1 for HKD, subject to terms (per company)

Controls: freeze / clawback / admin

freezeNo public data
clawbackNo public data
multisigNo public data
upgradeNo public data

Frozen / blacklisted / seized

No public freeze/blacklist statistics found.

REFERENCE · issuer newsroom / official government sites · as of 2026-10-26

Official newsroom not yet checked for this issuer.

No public info.

None on record in our reference set.

No public info.

Legal status per token

RCHKDRegulator-confirmed token authorisation
(1) Entity licence / registration
The Hongkong and Shanghai Banking Corporation Limited
HKMA · Licensed stablecoin issuer · FRS02
Active · 10 Apr 2026 · Specific record (HKMA register) hkma.gov.hk ↗
(2) Authorisation to issue this token
Hong Kong (HKMA)
HKMA register of licensed stablecoin issuers: The Hongkong and Shanghai Banking Corporation Limited, licence FRS02 (granted 10 Apr 2026)
Specific record (register row) hkma.gov.hk ↗
(3) Applicable law
Last checked 11 Nov 2026

Lending & collateral

DeFi lending markets Live
Loading live markets…

Official contract addresses

No address confirmed on an official issuer page yet — none shown.
Mainnet addresses copied from the issuer's official page (checked —); explorer links are the ones the issuer lists. Always verify against the issuer's page; never send funds to addresses received in messages.
Reference fields compiled 2026-10-26 from linked sources. Items marked “verify” or “per issuer” are not independently confirmed. Not legal or investment advice.

Last updated: · reference data as of 2026-10-26 · Sources: Regulator public registers & issuer disclosures (linked per item), CoinGecko, DefiLlama

Data: DefiLlama · Powered by CoinGecko