Hong Kong Warns of Fake HSBC Tokens Ahead of Stablecoin Launch
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Apr 28, 2026: Hong Kong Monetary Authority (HKMA) warned that fake tokens using the "HSBC" and "HKDAP" tickers are not linked to licensed issuers, flagging token impersonation as an immediate security risk for the local crypto market. HSBC and Anchorpoint confirmed no regulated stablecoins are currently live; the alert precedes HSBC's planned stablecoin launch later in 2026 and highlights regulatory and adoption risks for stablecoin token launches and broader crypto security.
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- Hong Kong’s HKMA warned that fake HSBC and HKDAP tokens are not linked to licensed issuers.
- HSBC and Anchorpoint confirmed that no regulated stablecoins are currently live.
- Hong Kong’s stablecoin regime faces an early test from token impersonation risks.
Hong Kong’s financial regulator has warned the public that fake tokens using the “HSBC” and “HKDAP” tickers are not linked to approved stablecoin issuers. According to an April 28 report, the Hong Kong Monetary Authority (HKMA) acknowledged that neither Anchorpoint Financial Limited nor The Hongkong and Shanghai Banking Corporation Limited had issued any regulated stablecoin.
The alert came before HSBC’s planned official stablecoin launch later in 2026. Consequently, the authority urged the public to watch for scams that claim links to approved firms or their planned digital currency products.
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