Standard Chartered-backed Anker Point Finance Launches HKD Stablecoin HKDAP
On.cc · 2 SOURCESabout 1 hour ago2 MIN
Summary
Anker Point Finance, the stablecoin issuer backed by Standard Chartered (Hong Kong), officially launched HKDAP (HKD At Par) on July 12, marking a significant step in Hong Kong's digital currency ecosystem. The regulated Hong Kong dollar stablecoin is initially available to institutional distributors and professional investors, with retail accessibility targeted for the end of this year .
Key Points
- Anker Point Finance received its stablecoin issuer license from the Hong Kong Monetary Authority (HKMA) in April 2026 and has since conducted successful issuance and transfer tests on public blockchain networks .
- The company has adopted a B2B2C (business-to-business-to-consumer) model built on public blockchain infrastructure to foster broad ecosystem participation .
- Initial focus areas include cross-border payments and trading and settlement of tokenized real-world assets (RWA), targeting applications that deliver tangible benefits to the real economy .
- HKDAP enables 24/7 transfer and settlement mechanisms, aiming to reduce transaction times, lower costs, and improve predictability, liquidity management, and operational efficiency for participating institutions .
- The firm plans to expand beyond Hong Kong into Global South digital asset markets, positioning the territory as a hub for regulated tokenized currency applications .
Why It Matters
HKDAP's launch represents a concrete step toward mainstreaming digital assets in Hong Kong's financial system, potentially transforming cross-border payment efficiency while establishing the city as a regulatory benchmark for stablecoin operations in the Asia-Pacific region .
HKDAP's launch represents a concrete step toward mainstreaming digital assets in Hong Kong's financial system, potentially transforming cross-border payment efficiency while establishing the city as a regulatory benchmark for stablecoin operations in the Asia-Pacific region .