A joint venture backed by Standard Chartered has secured one of two stablecoin issuer licenses from the Hong Kong Monetary Authority (HKMA). The entity, Anchorpoint Financial Limited—formed by Standard Chartered Hong Kong, HKT, and Animoca Brands—is set to launch a regulated, HKD-backed stablecoin named “HKD At Par” (HKDAP) starting in the second quarter of 2026.
According to an announcement on April 10, the HKDAP rollout will follow a phased strategy utilizing a business-to-business-to-consumer (B2B2C) framework. Anchorpoint plans to incentivize early partners who create practical use cases that benefit the regional economy and improve the overall adoption of the stablecoin.
Furthermore, the venture aims to collaborate on innovative projects focused on the distribution and settlement of tokenized real-world assets.
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