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Crypto-related stocks in Hong Kong jumped on Tuesday
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Guotai Junan gained 16%, OSL rose 12.2%, and Dmall climbed 8.9%
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Hong Kong’s stablecoin licensing regime begins August 1
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Traditional finance players are showing strong interest in entering the market
Hong Kong Markets Respond to Incoming Crypto Rules
Crypto stocks rallied in Hong Kong on Tuesday as investors welcomed the region’s upcoming stablecoin licensing regime. Major players like Guotai Junan International and OSL saw double-digit gains, reflecting growing confidence in the regulatory direction.
Guotai Junan’s shares jumped 16% after it received approval to offer crypto trading services, while OSL rose 12.2%. Other firms such as Dmall and Victory Securities also posted strong gains.
Stablecoin Licensing Begins August 1
The excitement follows Hong Kong’s announcement that its new licensing regime for fiat-referenced stablecoins will take effect on August 1. The Hong Kong Monetary Authority will oversee the program, which is expected to approve only a limited number of licenses this year.
According to Financial Secretary Christopher Hui, the initial number of approvals will likely be in the “single digits.”
Institutional Adoption on the Rise
Companies like Dmall are already preparing applications, and some have begun accumulating bitcoin through regulated exchanges. The broader momentum follows commentary from China’s central bank governor, who said stablecoins and CBDCs are reshaping global payments.
With tech giants like JD.com and Ant Group lobbying for yuan-based stablecoins, the region is emerging as a global center for crypto-financial innovation.
