Hong Kong Monetary Authority Aims for March Stablecoin Licensing Amid RWA Market Growth

PANews posted on X (formerly Twitter) that the Hong Kong Monetary Authority (HKMA) has announced its intention to issue the first batch of stablecoin licenses by March. This move comes as the Real World Asset (RWA) market continues to experience rapid growth, with the total market value reaching $24.4 billion this week. The number of holders has significantly increased to 833,900, driven by an expanding user base. In related developments, CME Group has partnered with Google to pilot tokenized cash solutions, further indicating the growing interest in digital asset integration within traditional financial systems. The collaboration aims to explore the potential of tokenized cash in enhancing financial transactions. The HKMA's proactive approach to stablecoin regulation reflects its commitment to fostering a secure and innovative financial environment. As the RWA market expands, the focus is shifting towards increasing the user base, highlighting the sector's potential for broader adoption and integration into mainstream finance.