Anchorpoint Launches HKDAP Stablecoin for Institutional Users in Hong Kong
Anchorpoint Financial has begun the first phase of its HKD At Par (HKDAP) stablecoin rollout, giving institutional distributors and professional investors access to a regulated Hong Kong dollar-backed digital asset.
Key Stats:
• HK$1.00 par value per HKDAP
• 1:1 redeemable for Hong Kong dollars
• 2 authorised distributors: HashKey Exchange and OSL Group
• April 2026 Anchorpoint received its HKMA stablecoin issuer licence
• August 12, 2026 Phase 1 institutional rollout began
• End-2026 broader retail adoption targeted, subject to market conditions
Why It Matters:
HKDAP is designed for cross-border payments, fiat conversion, and tokenised real-world asset settlement, signalling a growing institutional use case for regulated stablecoins in Hong Kong.
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