Standard Chartered Bank: Expected to launch Hong Kong dollar stablecoin HKDAP in phases during the second quarter of this year

2026-04-11 02:36:10

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Techub News reports that Standard Chartered Bank has issued an announcement stating that Anchorpoint, a joint venture established by Standard Chartered Bank (Hong Kong) Limited, Hong Kong Telecom, and Animoca Brands, has been granted a stablecoin issuance license by the Hong Kong Monetary Authority. Anchorpoint plans to issue regulated Hong Kong dollar–backed stablecoin HKDAP (i.e., Hong Kong dollars equivalent to the U.S. dollar) in stages starting from the second quarter of this year. Dingdian Finance will adopt a business-to-business-to-consumer (B2B2C) business model, leveraging the advantages of a broad customer base via designated approved distributors to broaden the ways to reach HKDAP. It will also encourage the development of real use cases that bring tangible benefits to the local economy by offering preferential measures to early cooperation partners, thereby promoting the adoption of HKDAP. In addition, it will improve the settlement and distribution channels of tokenized real-world assets by jointly developing innovative use cases.

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