# HSBC (RedCoin) Stablecoin Issuer > HSBC (RedCoin): stablecoin issuer profile with licences checked against regulator registers, reserves, attestations, official partners and Regulatory… Canonical: https://stableradar.com/issuer/hsbc Generated: 2026-11-11T18:58:32.636Z (live figures are a snapshot at build time; see the canonical page for current values) ← All issuers HSBC (RedCoin) RCHKD · Hong Kong Compliance Score Insufficient data · weighted from public, sourced inputs · 75% of inputs available Legal entity The Hongkong and Shanghai Banking Corporation Limited (HSBC Hong Kong) Token record RCHKD The Hongkong and Shanghai Banking Corporation Limited · HKMA · Licensed stablecoin issuer Register ticks on this page 1 of 1 licence rows link to a regulator's own public register (1 authorised on record). Only those rows carry a tick. 1:1 peg No tracked token with live quotes. Licences · 1 on record [](https://www.hkma.gov.hk/eng/regulatory-resources/registers/register-of-licensed-stablecoin-issuers/)Featured licence · Verified on HKMA record Licensed stablecoin issuer, licence FRS02 Licensed stablecoin issuer, licence FRS02 (HSBC RedCoin, RCHKD) Official HKMA source ↗ Leadership No public data Source: [about.hsbc.com.hk ↗](https://www.about.hsbc.com.hk/news-and-media/hsbc-redcoin-launches-today) (issuer site) 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. Status Active Verification Pending Coverage Experimental Licences **1 / 1**authorised / on record SRS ILLUSTRATIVE **—**StableRadar Score, sample method Profile as of **2026-10-26** 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 - HQ **Hong Kong** - Founded **1865** - Model **Fiat-backed (HKD stablecoin, bank-issued)** - Website **www.about.hsbc.com.hk ↗** #### Products & supply LIVE - Total (CoinGecko) **—** ### No DefiLlama chain data. ### REFERENCE · issuer official site · as of 2026-10-26 about.hsbc.com.hk ### REFERENCE · issuer official site · as of 2026-10-26 Not checked yet for about.hsbc.com.hk. ### Licences & authorisations 1 on record · 1 ✓ on a regulator register REFERENCE · regulator registers / issuer disclosures · as of 2026-10-26 Confirmed by regulator register · always shown | Jurisdiction | Regulator | Licence / status detail | Date | Status | Evidence | | --- | --- | --- | --- | --- | --- | | **HK** | HKMA | Licensed stablecoin issuer, licence FRS02 (HSBC RedCoin, RCHKD) | 10 Apr 2026 | Authorized | [Verified](https://www.hkma.gov.hk/eng/regulatory-resources/registers/register-of-licensed-stablecoin-issuers/)[](https://www.hkma.gov.hk/eng/regulatory-resources/registers/register-of-licensed-stablecoin-issuers/) | ### - Assurance **No public data** - Audit / attestation firm **—** - Frequency **No public data** - Composition (per issuer) **High-quality, highly liquid segregated assets (per company)** - Custodians **HSBC Digital Assets Custody (per company)** - Latest disclosed **—** - Evidence **report ↗** ### 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 - freeze **No public data** - clawback **No public data** - multisig **No public data** - upgrade **No 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 RCHKD Regulator-confirmed token authorisation (1) Entity licence / registration The Hongkong and Shanghai Banking Corporation Limited HKMA · Licensed stablecoin issuer · FRS02 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) hkma.gov.hk ↗ (3) Applicable law Hong Kong Stablecoins Ordinance (Cap. 656) ↗ 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: 11 Nov 2026, 18:57 UTC (live data) · reference data as of 2026-10-26 · Sources: Regulator public registers & issuer disclosures (linked per item), [CoinGecko](https://www.coingecko.com/), [DefiLlama](https://defillama.com/stablecoins) Data: [DefiLlama](https://defillama.com/) · Powered by [CoinGecko](https://www.coingecko.com/)