Bank & market adoption
Standard Chartered-led Anchorpoint begins institutional rollout of HKDAP stablecoin
APACSource: Anchorpoint Financial
- Anchorpoint Financial, a subsidiary of Standard Chartered Bank (Hong Kong) set up with HKT and Animoca Brands and one of the first two HKMA-licensed stablecoin issuers, said on 12 August 2026 it began the phase 1 rollout of HKDAP, its Hong Kong dollar-backed stablecoin, via Beta Access for institutional distributors and professional investors.
- In phase 1, authorised distributors offer conversion between HKDAP and fiat for institutions, corporate users and professional investors; the release says HKDAP was minted and live-transfer tested on a public blockchain in Q2, and that broader retail adoption remains targeted as early as end-2026, depending on market conditions.
Why it matters
A bank-controlled licensed issuer is distributing a regulated HKD stablecoin through intermediaries (including banks, broker dealers and exchanges) rather than directly, with cross-border payments and tokenised real-world asset settlement named as the first use cases.
Read the original: Anchorpoint Financial ↗
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More detail
Who is affected
Anchorpoint's authorised distributors and use case partners (the release lists categories including banks, broker dealers, licensed exchanges, payment and card networks, trade finance platforms, merchant acquirers, asset managers, custody providers and digital wallets), institutions, corporate users and professional investors.
Key dates
- HKDAP phase 1 rollout via Beta Access began
What remains uncertain
- The release does not name the authorised distributors, the blockchain(s) used, or issuance volumes; retail adoption is only "targeted as early as end-2026, depending on market conditions".
Adoption status
- LiveStandard Chartered (Anchorpoint Financial, with HKT and Animoca Brands)HKDAP HKD stablecoin phase 1 rollout via Beta Access for institutional distributors and professional investors
Key facts
- Event
- Product launch
- Jurisdiction
- APAC
- Source
- Anchorpoint Financial (Standard Chartered Bank (Hong Kong) subsidiary)
- Source tier
- Tier 2 · Bank / FMI
- Product
- Stablecoin issuance
- Regulation
- HK Stablecoins Ordinance
In the database
Institutions
How we verified this
The source says
“12 August 2026, Hong Kong – Anchorpoint Financial Limited (“Anchorpoint”), a Hong Kong-licensed stablecoin issuer, today began the phase 1 rollout of HKDAP ("HKD At Par"), its regulated Hong Kong dollar-backed stablecoin, via Beta Access for institutional distributors and professional investors.”
“In phase 1, authorised distributors will offer conversion between HKDAP and fiat currency for institutions, corporate users, and professional investors, leveraging their existing client networks to integrate HKDAP into a wide range of commercial and financial activities.”
“Exploring broader retail adoption, as more ecosystem partners are activated, remains targeted as early as end-2026, depending on market conditions.”
“Anchorpoint Financial Limited is a subsidiary of Standard Chartered Bank (Hong Kong) Limited (SCBHK) and a joint venture established by SCBHK, HKT, and Animoca Brands in February 2025.”
Verbatim from Anchorpoint Financial (Standard Chartered Bank (Hong Kong) subsidiary), matched word for word against the live page on 1 November 2026.
Sources
- Official institutionalAnchorpoint Financial (Standard Chartered Bank (Hong Kong) subsidiary) ↗2026-08-12T2Bank / FMI
Evidence
- Confidence
- Medium The institution’s own statement; quote string-matched. Proves what the institution says, not independent confirmation.
- Quote verified
- 2026-11-01 06:54 UTC
- Archived snapshot
- SHA-256
fc9df6eabdaabc6f…· fetched 2026-11-01 · Wayback Machine copy ↗ - Source type
- Official institutional Anchorpoint Financial (Standard Chartered Bank (Hong Kong) subsidiary) ↗
Change log (1)
- 2026-11-01 Published
AI-assisted: the summary and analysis were drafted with AI from the primary source and checked by the editors. AI-drafted from the primary source; quote string-matched against the live source page.
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