anchorpoint

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.

#HKDAP #Anchorpoint #Stablecoin #HongKong #Crypto

Anchorpoint launches stablecoin HKD, Standard Chartered leads

- Anchorpoint launches the HKDAP stablecoin led by Standard Chartered.
- HashKey Exchange and OSL Group are authorized to distribute.
- Professional and institutional investors can mint and redeem HKDAP.
- The stablecoin supports payments and liquidity in HKD.

#BinanceSquare #CryptoNews #HKDAP #Stablecoin #Anchorpoint StandardChartered

$hkdap

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Source: CoinDesk