HSBC

Hong Kong grants its first stablecoin issuer licenses to HSBC and Standard Chartered from a pool of 36 applicants; they are set to issue stablecoins in H2 2026

HSBC: JioHotstar had 300M paying subscribers in India in 2025, compared with 65M for Amazon Prime Video and 20M for Netflix; ~24% of OTT users pay for content

HSBC: JioHotstar had 300M paying subscribers in India in 2025, compared with 65M for Amazon Prime Video and 20M for Netflix; ~24% of OTT users pay for content

And more than $900 million in annual revenue in India.  —  Amazon Prime Video has more than three times the subscribers as Netflix in India, according to HSBC.

Hong Kong-based WeLab, which runs digital banks WeLab in Hong Kong and Saqu in Indonesia, raised $220M in equity and debt from HSBC, Prudential HK, and others

Hong Kong-based fintech firm WeLab Ltd. has secured $220 million from investors including HSBC Holdings Plc and Prudential Hong Kong Ltd. in its largest round of funding.

HSBC shuts Zing, its payments app launched in January 2024 to compete with Revolut and Wise, marking the latest failed fintech venture by a traditional bank

Akila Quinio / Financial Times :

HSBC plans to launch international payments app Zing in the UK in the coming days before a wider rollout, seeking to compete with Revolut and Wise

Harry Wilson / Bloomberg :

HSBC: UK startups raised $4.9B in Q3, attracting ~37% of that from US VCs, taking 2023 funding so far to ~$15B, or about the same as France and Germany combined

Irina Anghel / Bloomberg :

HSBC rebrands SVB UK as HSBC Innovation Banking, adding US, Israel, and Hong Kong teams to offer banking services to startups, investors, and other tech clients

Ingrid Lunden / TechCrunch :

Berlin-based Airbank, an all-in-one banking service to manage data and payments that integrates HSBC and others, raised a $20M Series A led by Molten Ventures

Amelia Isaacs / AltFi :

ConsenSys, which develops and invests in projects built on the Ethereum blockchain, raises $200M at a $3.2B valuation from HSBC, Coinbase Ventures, and others

Quick Take  — ConsenSys, a company that develops and invests in the ethereum blockchain, has raised $200 million …