Hong Kong positioned as global stablecoin hub in new PolyU and OSL liquidity whitepaper

A new liquidity whitepaper produced by The Hong Kong Polytechnic University (PolyU) Business School and digital asset platform OSL positions Hong Kong as a prospective global hub for regulated stablecoins, highlighting how the city’s maturing legal framework and enterprise-focused products could support cross-border digital payments and trade. The paper was launched at the Hong Kong PolyU Innovation Forum, where OSL and PolyU presented joint research on liquidity, regulation, and use cases for compliant fiat‑referenced stablecoins. The analysis comes against the backdrop of Hong Kong’s Stablecoins Bill and subsequent Stablecoins Ordinance, which created a licensing regime for fiat‑referenced stablecoin (FRS) issuers overseen by the Hong Kong Monetary Authority (HKMA). According to summaries shared by industry commentators, the whitepaper uses USDGO, a licensed Hong Kong-issued U.S. dollar stablecoin, and OSL BizPay, an enterprise stablecoin payments and treasury platform, as case studies for how regulated stablecoins can improve settlement efficiency, corporate liquidity management, and trade finance. It argues that Hong Kong’s requirement that FRS issuers be licensed, fully backed by high-quality liquid reserves, and locally incorporated with robust governance gives institutional participants stronger legal certainty and risk controls than in many other jurisdictions. By combining a defined regulatory perimeter with enterprise-grade infrastructure from firms such as OSL, the paper frames Hong Kong not just as a regional digital asset center but as a potential global clearing and liquidity venue for compliant stablecoins used in payments, tokenized assets, and international commerce.

✨ AI-generated background, compiled from web sources — not editorial content.

More coverage

• OSL Group to Collaborate with Hong Kong's Licensed Stablecoin ... (prnewswire.com)
• Hong Kong's new stablecoin licensing and regulatory regime (davispolk.com)
• Hong Kong's New Stablecoins Bill - Hogan Lovells (hoganlovells.com)
• Regulatory Regime for Stablecoin Issuers (hkma.gov.hk)
• Centre for Digital Assets and Innovation - PolyU (polyu.edu.hk)

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• White Paper
• Hong Kong
• Stablecoins