Anchorpoint Financial Limited, a joint venture between Standard Chartered Bank (Hong Kong), HKT, and Animoca Brands, has received approval from the Hong Kong Monetary Authority to issue regulated Hong Kong Dollar-backed stablecoins called HKDAP (HKD At Par). The rollout begins in Q2 2026 using a B2B2C distribution model through authorized partners.
The license was granted under the Stablecoins Ordinance, which took effect on August 1, 2025, making this a landmark early approval under Hong Kong’s new regulatory framework. Anchorpoint aims to modernize financial infrastructure by enabling tokenized real-world asset settlements and cross-border payments.
Group Chief Executive Bill Winters said Standard Chartered is “committed to embracing innovation” and sees itself as “a vital link between clients and financial markets.” Regional CEO Mary Huen called the approval “a new chapter for Hong Kong in advancing its digital assets ecosystem.” Anchorpoint CEO Dominic Maffei said the company focuses on “empowering the ecosystem with a secure, accessible and regulated form of tokenised money.”