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Anchorpoint Financial Expects Phased Issuance of HKD-Pegged Stablecoin 'HKDAP' Starting 2Q26
2026-04-10 17:42:03 The Hong Kong Monetary Authority (HKMA) has granted stablecoin issuer licenses to Anchorpoint Financial, a subsidiary of Standard Chartered Bank, and HSBC. Anchorpoint Financial is a joint venture established by Standard Chartered Bank, Animoca Brands and HKT-SS (06823.HK). Anchorpoint Financial expects to issue its regulated HKD-pegged stablecoin, HKDAP, in phases starting from 2Q26. Anchorpoint Financial stated that, in order to build an open and inclusive digital asset ecosystem, it will adopt a business-to-business-to-consumer (B2B2C) model. Leveraging the extensive customer bases of designated authorized distributors, the company aims to broaden public access to HKDAP. At the same time, Anchorpoint Financial will offer incentives to early partners to encourage the development of real-world use cases that deliver tangible benefits to the regional economy, thereby promoting the adoption and application of HKDAP. ~ AASTOCKS Financial News Website: www.aastocks.com | |