Standard Chartered Bank Hong Kong became the first bank to distribute HKDAP on Aug. 24, giving eligible institutional clients and partners access to Hong Kong's first live regulated local-currency stablecoin.
Standard Chartered became HKDAP's first bank distributor, extending access to eligible institutional clients and partners.
Anchorpoint holds one of two stablecoin issuer licences granted by Hong Kong's regulator in April.
HKDAP launched through controlled beta access on Ethereum for institutions and professional investors this month.
Standard Chartered plans tokenized money market fund subscription and settlement services during fourth quarter 2026.
Anchorpoint reported 522,000 HKDAP
circulating as of August 19 during the limited beta rollout period.#BTCBreaks$81k #CandyDrop1BTCForOldUsers #StakeALIGNShare10MTokens #TopFiveLeaguesPreMatchPredictor #GateStockInsightsChallenge

STANDARD CHARTERED2.16%

ETH-0.44%

This page may contain third-party content, which is provided for information purposes only (not representations/warranties) and should not be considered as an endorsement of its views by Gate, nor as financial or professional advice. See Disclaimer for details.

5 Likes27 views

Reward
5
6
1
Share

Comment

Add a comment

SlippageResistance

· an hour ago

Hong Kong’s regulatory licenses really are scarce resources. Anchorpoint has secured one, and now Standard Chartered is backing it as well. It has taken the right compliance route; now it’s just a matter of seeing how liquidity develops.

View OriginalReply0

CulturalGuardian

· 2 hours ago

Standard Chartered serving as a distributor is far more effective than Anchorpoint promoting it on its own. Institutional clients in banking channels are not normally accessible to retail investors, and once this channel opens, if the tokenized fund really launches in 2026, HKDAP’s use cases will be more worth watching than payments themselves.

View OriginalReply0

ChainDetective

· 2 hours ago

The Hong Kong dollar stablecoin finally has a bank willing to back it. The next step is to see whether retail investors can buy it through legal channels; otherwise, it will remain a toy for institutions forever.

View OriginalReply0

MACD_Hermit

· 2 hours ago

From a compliance perspective, Hong Kong is serious this time. With one stablecoin license, an established foreign bank handling distribution, and the testing phase open only to institutions and professional investors, this approach is clearly seeking practical applications in scenarios such as T+2 settlement and fund tokenization. A circulating supply of 520k may be small, but regulatory backing is not measured by TVL; compliance comes before scale—the order cannot be reversed.

View OriginalReply0

NFTHands

· 2 hours ago

Is this going to compete with USDT/USDC for market share?

View OriginalReply0

BlueChipSale

· 2 hours ago

To be honest, a circulating amount of HK$520k is still too small to matter on-chain, but the core of the testing phase is not scale—it is connecting the entire chain of banking custody, compliant distribution, and on-chain settlement. Standard Chartered’s willingness to be the first mover is a substantive signal for Hong Kong’s stablecoin ecosystem, far stronger than those unregulated platforms that merely pay lip service to compliance.

View OriginalReply0

Trending Topics
View More
#
BTCBreaks$81k
14.88M Popularity
#
CandyDrop1BTCForOldUsers
102.22M Popularity
#
NVIDIAEarnings
4.76M Popularity
#
TopFiveLeaguesPreMatchPredictor
421.53K Popularity
#
StakeALIGNShare10MTokens
1.58M Popularity

Pinned

Sitemap

Standard Chartered becomes first bank to offer HKDAP

Trending Topics

BTCBreaks$81k

CandyDrop1BTCForOldUsers

NVIDIAEarnings

TopFiveLeaguesPreMatchPredictor

StakeALIGNShare10MTokens

Pinned