Bullish
Anchorpoint Fintech to Launch HKD-Pegged Stablecoin HKDAP by Month End
2026-07-20 11:39
Standard Chartered-backed Anchorpoint Fintech will launch HKD-pegged stablecoin HKDAP by late July, becoming one of two HKMA-licensed issuers alongside HSBC.
Woofun AI reports that Anchorpoint Fintech, led by Standard Chartered Bank (Hong Kong), will announce the launch of the Hong Kong dollar-pegged stablecoin 'HKDAP' by the end of this month. The firm holds one of two stablecoin issuer licenses granted by the Hong Kong Monetary Authority in April, sharing this status with HSBC.
WOOFUN AI
Impact Assessment · Quick Read
The imminent launch of HKDAP marks a significant step in Hong Kong's regulated stablecoin ecosystem, validating the HKMA's licensing framework. As one of only two licensed issuers, Anchorpoint's move may encourage further institutional participation in digital asset infrastructure. This development could enhance cross-border payment efficiency and deepen liquidity for HKD-denominated crypto assets.
Generated by WOOFUN AI · For reference only, not investment advice
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