Standard Chartered Bank will gradually issue the Hong Kong dollar stablecoin HKDAP in Q2 of this year

In April 2026, the Hong Kong Monetary Authority issued stablecoin issuer licenses to the first batch of institutions, including Anchorpoint Financial Limited, a joint venture established by Standard Chartered Bank Hong Kong (SCBHK), Hong Kong Telecommunications (HKT), and Animoca Brands. Anchorpoint plans to gradually issue the Hong Kong dollar-pegged stablecoin HKDAP (i.e., "Hong Kong dollar equivalent") starting in the second quarter of this year, using a B2B2C model to provide 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, aiming to promote the upgrade of financial infrastructure in Hong Kong and the Asia region. Bill Winters, CEO of Standard Chartered Group, stated that the issuance of HKDAP will drive 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 Monetary Authority's stablecoin issuer sandbox program in 2024. This approval marks an important step for Hong Kong in building its digital asset ecosystem.