Standard Chartered Bank will issue the Hong Kong dollar stable currency HKDAP in phases in Q2 this year

The Hong Kong Monetary Authority issued stablecoin issuer licenses to the first batch of institutions in April 2026. AnchorpointFinancial Limited, a joint venture between Standard Chartered Bank Hong Kong (SCBHK), Hong Kong Telecom (HKT) and AnimocaBrands, was among them. Anchorpoint plans to issue Hong Kong dollar-linked stablecoins HKDAP (or "Hong Kong dollar equivalent ") in phases starting from the second quarter of this year, adopting the B2B2C model and providing access channels to the public through authorized distributors. The company focuses on scenarios such as the settlement and distribution of tokenized real assets, cross-border capital and payment flows, and is committed to promoting the upgrading of financial infrastructure in Hong Kong and Asia. Standard Chartered Group Chief Executive Officer Wen Tuosi said that the issuance of HKDAP will promote the restructuring of financial markets and promote the development of a new generation of international trade. Anchorpoint was officially established in 2025, and its predecessor was approved to join the HKMA's stablecoin issuer sandbox program in 2024. This approval marks an important step in Hong Kong's digital asset ecosystem construction.