Standard Chartered Bank will issue Hong Kong dollar stablecoin HKDAP in phases during Q2 of this year

On April 11, the Hong Kong Monetary Authority issued a stablecoin issuer license to the first batch of institutions in April 2026, including Standard Chartered Bank Hong Kong (SCBHK), Hong Kong Telecom (HKT), and Animoca Brands' joint venture Anchorpoint Financial Limited. Anchorpoint plans to launch the Hong Kong dollar-pegged stablecoin HKDAP (also known as "Hong Kong dollar equivalent") in phases starting from the second quarter of this year, using a B2B2C model, providing access channels to the public through authorized distributors. The company focuses on the settlement and distribution of tokenized real assets, cross-border capital and payment flows, aiming to promote the upgrade of financial infrastructure in Hong Kong and Asia. Standard Chartered Group…