Abstract
This article examines the Stablecoins Ordinance, due to commence on 1 August 2025, and its effect on Hong Kong trust law. It explores whether licensed stablecoins qualify as trust property, analyses the fiduciary and statutory duties of trustees who hold them, discusses the Ordinance’s requirement that reserve assets be placed in trust, and outlines potential legal reforms for emerging challenges. Drawing on recent case law, international regulatory comparisons, and practical considerations for fiduciaries, the article argues that stablecoins can strengthen, rather than disrupt, established trust principles in Hong Kong.
| Original language | English |
|---|---|
| Pages (from-to) | 447-454 |
| Number of pages | 8 |
| Journal | Trusts & Trustees |
| Volume | 31 |
| Issue number | 9 |
| Early online date | 7 Sept 2025 |
| DOIs | |
| Publication status | Published - 1 Nov 2025 |
Bibliographical note
Copyright © 2025, © The Author(s) (2025). Published by Oxford University Press.Fingerprint
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