HI SB2757

Establishes a digital asset charter program in Hawaii requiring companies engaged in digital asset business activities (exchanging, transferring, storing, or administering cryptocurrencies and other digital assets) to obtain a license from the Commissioner of Financial Institutions.

Defines "digital asset" as electronically stored units of value including cryptocurrencies, stablecoins, and decentralized digital currencies, while excluding gaming tokens, loyalty rewards, and prepaid cards that cannot be converted to currency.

Exempts certain entities from charter requirements, including federally regulated securities activities, banks and credit unions, persons with annual digital asset activity under $5,000, attorneys providing escrow services, and non-custodial activities involving legal tender.

Grants the Commissioner broad regulatory powers including rulemaking authority, conducting investigations and examinations, requiring criminal background checks, setting fees and penalties, and entering agreements with other government regulators.

Allows companies that participated in the Hawaii Digital Currency Innovation Lab pilot project to temporarily continue operations without a charter under specified circumstances during the transition period.