Standard Chartered’s Anchorpoint launches beta version of HKDAP stablecoin
Standard Chartered’s Anchorpoint has launched the beta version of its HKDAP stablecoin in collaboration with licensed Hong Kong digital asset exchanges HashKey and OSL. This initiative follows the approval from the Hong Kong Monetary Authority (HKMA), which awarded stablecoin issuer licenses to both Anchorpoint and HSBC in April, marking a significant milestone in the regulatory landscape for digital assets in Hong Kong.
The introduction of the HKDAP stablecoin represents the first issuance of a Hong Kong-regulated stablecoin, positioning Anchorpoint at the forefront of the digital currency movement within the region. This development could ignite competitive dynamics as other financial institutions look to adapt to the evolving regulatory framework and consumer demands for digital assets in Hong Kong.
Key takeaways
- ▸Standard Chartered’s Anchorpoint has initiated the beta testing of the HKDAP stablecoin.
- ▸The HKMA granted stablecoin issuer licenses to Anchorpoint and HSBC in April 2026.
- ▸HKDAP is the first stablecoin issued under Hong Kong's regulatory framework for digital assets.
- ▸Anchorpoint collaborates with digital asset exchanges HashKey and OSL for the stablecoin launch.
- ▸This development may trigger further interest and competition in the stablecoin market in Hong Kong.
Why this matters
The launch of HKDAP could strengthen Standard Chartered's position in the digital asset market, enhancing its customer offerings in a rapidly evolving space. As other banks and financial institutions consider similar pathways, the competitive landscape in Hong Kong’s financial services sector may shift, particularly as consumers increasingly seek regulated digital asset options. Successful adoption of the HKDAP could also pave the way for broader acceptance and innovation in digital currencies across the region.
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