Bullish
Standard Chartered Leads Anchorpoint to Launch HKD-Pegged Stablecoin HKDAP
2026-07-21 09:21
Standard Chartered spearheads Anchorpoint's launch of HKD-pegged stablecoin HKDAP, with OSL and HashKey as distributors. Regulated issuance proceeds as planned.
Woofun AI reports that Standard Chartered Bank (Hong Kong) is leading the establishment of Anchorpoint, aiming to announce the launch of a stablecoin by month-end. The entity plans to issue HKDAP, a stablecoin pegged to the Hong Kong dollar. Virtual asset trading platforms, including OSL Group and HashKey Exchange, will serve as distributors. An Anchorpoint spokesperson confirmed that the phased issuance of the regulated stablecoin is progressing as planned, with further updates to follow.
WOOFUN AI
Impact Assessment · Quick Read
The entry of a major global bank like Standard Chartered into the stablecoin space signals growing institutional confidence in regulated virtual assets. Partnering with established exchanges like OSL and HashKey could facilitate broader adoption of HKD-pegged digital currency in Hong Kong. This move may encourage other traditional financial institutions to explore similar stablecoin initiatives, potentially increasing liquidity and stability in the local crypto market.
Generated by WOOFUN AI · For reference only, not investment advice
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