Asia Market Daily: HSBC launches HKD stablecoin RedCoin via PayMe as Hong Kong tokenization advances (2026/10/23)

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HSBC debuts its RedCoin HKD stablecoin through PayMe while Hong Kong's financial secretary signals tokenization is moving into implementation. South Korea plans stablecoin payment rules under a revised Foreign Exchange Transactions Act, and LG CNS teams up with Chainlink to build institutional digital asset solutions for Korea's $68 billion market.