Key facts
- Anchorpoint has launched HKDAP, Hong Kong's first regulated, fiat-backed stablecoin.
- Anchorpoint is a joint venture led by Standard Chartered Bank (Hong Kong).
- HKDAP is initially available to institutional clients.
- HashKey and OSL are the distributors for institutional clients.
- Retail access for HKDAP is planned for late 2026.
Anchorpoint, a joint venture spearheaded by Standard Chartered Bank (Hong Kong), has officially launched HKDAP, marking the debut of Hong Kong's first regulated, fiat-backed stablecoin. This development signifies a crucial advancement in the region's digital asset landscape. Initially, HKDAP will be accessible exclusively to institutional clients. These clients will gain access through established distributors, namely HashKey and OSL, which are key players in the digital asset space. The venture has set a target for broader retail access, aiming to make the stablecoin available to the general public by the latter half of 2026. This phased rollout strategy is designed to ensure a controlled and secure integration of the stablecoin into the financial ecosystem. The launch of HKDAP is expected to foster greater innovation and integration between traditional financial services and blockchain technology within Hong Kong. It represents a move towards embracing digital currencies in a regulated framework, potentially paving the way for further digital asset adoption in the territory.