Connect with us

Crypto World

Hong Kong to issue stablecoin licences as Malaysia tests Ringgit digital assets

Published

on

Hong Kong to issue stablecoin licences as Malaysia tests Ringgit digital assets

Major financial hubs in Asia are stepping up regulated digital asset efforts in 2026, with Hong Kong preparing to issue its first stablecoin licences as early as March, while Malaysia’s central bank begins testing ringgit-based stablecoins and tokenised deposits under its innovation hub.

Summary

  • Hong Kong is preparing to issue its first stablecoin licences as early as March 2026, with regulators signaling a cautious rollout limited to a small number of fully compliant issuers.
  • The framework emphasizes reserve backing, risk management, AML controls, and clear use cases, reinforcing Hong Kong’s push to position itself as a regulated digital finance hub.
  • In parallel, Bank Negara Malaysia has launched pilots under its Digital Asset Innovation Hub to test ringgit-denominated stablecoins and tokenised deposits for wholesale and cross-border payments.

In Hong Kong, government officials confirmed that the territory is on track to grant its first batch of stablecoin issuer licences in March 2026 under a regulatory framework established by the Stablecoins Ordinance.

The ordinance requires prospective issuers to meet strict standards for use cases, risk controls, anti-money-laundering measures and reserve backing before they are authorized. Only a very limited number of licences is expected initially, as regulators focus on operational readiness and compliance.

Advertisement

Addressing the regulatory push, Hong Kong’s Financial Secretary and HKMA officials have reiterated their goal of fostering a safe and regulated stablecoin ecosystem, part of the city’s broader ambition to become a regional hub for digital finance, payments and tokenised assets.

Malaysia tests Ringgit stablecoins and tokenised deposits

In Kuala Lumpur, Bank Negara Malaysia’s Digital Asset Innovation Hub (DAIH) has onboarded three initiatives to test ringgit-denominated stablecoins and tokenised deposits for 2026.

These pilots, led by Standard Chartered Bank Malaysia, Capital A, Maybank and CIMB, will explore wholesale payment and settlement use cases, including domestic and cross-border flows. The tests are conducted in a controlled environment to assess implications for monetary and financial stability and to inform policy direction.

Advertisement

Under the DAIH, participants are evaluating how stablecoins and digital deposit tokens might streamline settlement, enhance liquidity and modernise institutional payment infrastructure while preserving regulatory safeguards.

Authorities in Malaysia plan to provide greater clarity on the use and policy framework for ringgit-linked digital assets by the end of 2026.

Together, these developments show a concerted regional trend toward formalising digital financial instruments.

Hong Kong’s move to grant licences for regulated stablecoin issuance dovetails with Malaysia’s ground-level experimentation with tokenised money, reflecting an increasing willingness among Asian regulators to integrate digital asset technologies into mainstream financial systems under strict oversight.

Advertisement

Source link

Continue Reading
Click to comment

Leave a Reply

Your email address will not be published. Required fields are marked *

Crypto World

How Much Bitcoin Can Michael Saylor Buy via Strategy’s STRC Stock?

Published

on

How Much Bitcoin Can Michael Saylor Buy via Strategy’s STRC Stock?

Michael Saylor’s Strategy may purchase more Bitcoin (BTC) in the coming weeks through the proceeds from its STRC stock sales.

Key takeaways:

What is STRC stock?

Michael Saylor’s Strategy (MSTR) owns about $50 billion in Bitcoin, the highest by any public company on record.

Stretch (STRC) is Strategy’s income-focused preferred stock launched in July 2025 to raise capital for its Bitcoin accumulation strategy.

Advertisement

In its IPO, the company raised about $2.521 billion gross and $2.474 billion net. It then used those proceeds to acquire 21,021 BTC at an average price of about $117,256.

Strategy later expanded that model by launching a $4.2 billion STRC at-the-market (ATM) program on July 31, 2025, allowing it to sell preferred shares gradually into market demand rather than all at once.

How does STRC work?

The mechanism works best when STRC trades near or above its $100 target. For that, Strategy pays a variable monthly yield to investors, adjusting it to keep the stock close to its par value.

Higher yield can support the price when it falls below par, while a lower yield can cool demand when it rises too far above it. For March 2026, the annualized STRC rate is 11.50%, or about $0.958 per share monthly.

Advertisement
STRC price performance in the past month. Source: BitcoinQuant.CO

In short, STRC turns investor demand for yield into funding for more BTC purchases.

For example, in January, Strategy sold about 1.19 million STRC shares for $119.1 million in net proceeds, alongside $1.12 billion raised through MSTR sales.

It used the combined capital to purchase 13,627 BTC for roughly $1.25 billion.

In February, STRC proceeds worth $78.4 million were used in the purchase of 2,486 BTC net.

Saylor may have $302 million in STRC proceeds

Strategy may soon raise over $300 million through sales of its STRC preferred stock, potentially giving Michael Saylor enough firepower to buy roughly 4,300 Bitcoin, according to estimates from BitcoinQuant.

Advertisement

The projection is based on STRC’s trading activity this week. BitcoinQuant’s model shows about $777 million in total volume, with roughly 97%, or $755 million, traded above the stock’s $100 par value.

STRC ATM analysis. Source: BitcoinQuant

Using a 40% capture rate, the model estimates around $302 million in net proceeds, enough to purchase about 4,334 BTC, based on average Bitcoin prices of $68,000 to $73,000 during market hours.

Friday alone saw a record $188 million in STRC trading volume, implying enough potential proceeds to fund the purchase of around 1,097 BTC, based on the same model.

Related: Michael Saylor’s Strategy buys $204M of Bitcoin in 101st purchase

The figures remain speculative for now, however. Strategy’s latest filing showed only $7.1 million in STRC sales contributing to a broader 3,015 BTC purchase.

Advertisement

Whether this week’s trading surge translates into a much larger Bitcoin buy should become clearer in the company’s next SEC filing, releasing on March 9.