According to BlockBeats, the Hong Kong Monetary Authority stated that the 'invitation system' for stablecoin licenses is not an official statement, and any institution willing to apply can proactively communicate regarding licensing matters. The president of the Monetary Authority revealed that dozens of institutions have already contacted the Monetary Authority team.
The Hong Kong Monetary Authority announced that it encourages institutions interested in applying for a license to contact them by August 31, 2025, to communicate regulatory expectations and provide feedback. Licensing is an ongoing process, and well-prepared institutions should submit their applications by September 30, 2025. Unlicensed institutions may continue to communicate.
Licensing requirements include compliance, specificity, and sustainability. The Monetary Authority will not disclose the list of institutions expressing interest or submitting applications.