# JINGDONG Coinlink Website Returns 502 Error in Nov. 9 Check

By John Kim

Canonical URL: https://www.tokenpost.com/news/business/52353
Published: 2026-11-09T14:18:41.000Z
Updated: 2026-11-09T14:18:41.000Z
Section: Business

> Coinlink was named to Hong Kong’s stablecoin issuer sandbox in 2024 but is absent from the regulator’s current list of two licensees.

The website of JINGDONG Coinlink Technology Hong Kong Limited returned a 502 error in a check Nov. 9, while Hong Kong’s licensed stablecoin issuer register listed two other firms.

Coinlink, a subsidiary of JINGDONG Technology Group, has described a plan to issue a stablecoin pegged 1:1 to the Hong Kong dollar. The website check establishes that the request failed at that time; it does not establish when the access problem began.

The Hong Kong Monetary Authority (HKMA), the territory’s monetary regulator, named Coinlink a stablecoin issuer sandbox participant on July 18, 2024. The sandbox permits participants to test issuance plans. Participation does not itself grant a license to issue a regulated stablecoin.

On April 10, 2026, the HKMA granted its first issuer licenses to Anchorpoint Financial Limited and The Hongkong and Shanghai Banking Corporation Limited. Coinlink was not among the licensees. The current register lists only Anchorpoint and the bank.

Anchorpoint is a joint venture of Standard Chartered Bank (Hong Kong) Limited, HKT Limited and Animoca Brands Limited.