Anchorpoint Launches Phase 1 of HKDAP Hong Kong Dollar Stablecoin Issuance

Standard Chartered JV Anchorpoint initiates Phase 1 issuance of HKDAP stablecoin, granting test access to institutional distributors and professional investors following HKMA license.

Woofun AI reports that Anchorpoint, a joint venture between Standard Chartered, HKT, and Animoca Brands, has commenced the first phase of issuance for its Hong Kong dollar stablecoin, HKDAP. The initiative provides test access to institutional distributors and professional investors. Anchorpoint secured a stablecoin issuance license from the Hong Kong Monetary Authority in April this year, establishing itself as one of the earliest entities to receive such regulatory approval.