Anchorpoint Starts HKDAP Rollout With Standard Chartered Behind HKD Stablecoin

TL;DR

• Anchorpoint began phase 1 of HKDAP, giving institutional distributors and professional investors beta access to a Hong Kong dollar-backed stablecoin under HKMA licensing.
• HashKey and OSL are authorized distributors, with HashKey completing its first minting and redemption transaction while fiat conversion supports institutional use.
• HKDAP initially targets cross-border payments and tokenized real-world asset settlement, with broader channels planned and retail access potentially arriving by late 2026 in Hong Kong markets.

Anchorpoint has begun the first phase of its HKDAP rollout, bringing a Hong Kong dollar-backed stablecoin to institutional distributors and professional investors through limited beta access. The launch follows the company’s stablecoin issuer license from the Hong Kong Monetary Authority in April, one of the first two awarded after 36 applications. The notable shift is that Hong Kong’s regulated stablecoin framework is moving from licensing into live distribution. Anchorpoint, established by Standard Chartered, HKT and Animoca Brands, is initially targeting cross-border payments and the settlement and distribution of tokenized real-world assets.

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