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Standard Chartered JV Launches HK Dollar-Backed HKDAP Stablecoin in Hong Kong

8/13/2026

Summary

Story summary

Standard Chartered-led joint venture launched institutional use of the HK dollar-backed stablecoin HKDAP in Hong Kong on Wednesday.
The partnership includes Animoca Brands, HKT and Anchorpoint Financial, which began beta access for initial distributors.
Distributors can now integrate HKDAP into commercial applications and offer fiat conversion for institutions and professional investors.
Anchorpoint said retail use could start as early as end-2026, subject to market conditions, following the HKMA’s cautious approach.

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Story summary

Standard Chartered-led joint venture launched institutional use of the HK dollar-backed stablecoin HKDAP in Hong Kong on Wednesday.
The partnership includes Animoca Brands, HKT and Anchorpoint Financial, which began beta access for initial distributors.
Distributors can now integrate HKDAP into commercial applications and offer fiat conversion for institutions and professional investors.
Anchorpoint said retail use could start as early as end-2026, subject to market conditions, following the HKMA’s cautious approach.