Standard Chartered Bank will launch the Hong Kong Dollar Stablecoin (HKDAP) in stages in Q2 this year.

BlockBeats News, April 11th, the Hong Kong Monetary Authority issued the first batch of stablecoin issuer licenses, valid until April 2026, with Anchorpoint Financial Limited, a joint venture between Standard Chartered Bank Hong Kong (SCBHK), Hong Kong Telecom (HKT), and Animoca Brands, among the recipients.

Anchorpoint plans to gradually launch the Hong Kong dollar-pegged stablecoin HKDAP ("Hong Kong Dollar Anchored Payment") starting in the second quarter of this year. It will operate under a B2B2C model, providing access to the public through authorized distributors. The company focuses on the settlement and distribution of tokenized real-world assets, cross-border capital and payment flows, aiming to upgrade the financial infrastructure in Hong Kong and the Asian region.

Tan Tock Siong, Group CEO of Standard Chartered, stated that the issuance of HKDAP will reshape the financial market and promote the development of the next generation of international trade. Anchorpoint was formally established in 2025, with its predecessor approved to participate in the HKMA stablecoin issuer sandbox program in 2024. This approval marks a significant step for Hong Kong in the development of the digital asset ecosystem.