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Animoca\u2011backed Anchorpoint is preparing to launch HKDAP, a regulated Hong Kong dollar stablecoin, as part of Hong Kong\u2019s push to make bank\u2011grade fiat tokens core financial infrastructure.<\/p>\n
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Anchorpoint Financial Technology, a joint venture backed by Standard Chartered Bank (Hong Kong), HKT and Animoca Brands, will launch a regulated Hong Kong dollar stablecoin called HKDAP (HKD At Par) in the second quarter of 2026 after securing a stablecoin issuer licence from the Hong Kong Monetary Authority (HKMA). The licence, granted under Hong Kong\u2019s new Stablecoins Ordinance that took effect on August 1, 2025, makes Anchorpoint one of the city\u2019s first authorised issuers of fiat\u2011referenced stablecoins and clears the way for a phased rollout of HKDAP for institutional and eventually retail use.<\/p>\n
In its licence announcement, Anchorpoint said it \u201ctargets to issue the regulated Hong Kong dollar\u2011backed stablecoin HKDAP (i.e. HKD At Par) with a phased approach from the second quarter of this year,\u201d positioning the token as a new settlement rail for digital markets. The company is a subsidiary of Standard Chartered Bank (Hong Kong) and was jointly established by Standard Chartered, HKT and Animoca Brands in February 2025 with the explicit goal of issuing and advancing licensed stablecoins under HKMA oversight. According to HKMA and industry reporting, each HKDAP token will be backed 1:1 by high\u2011quality, highly liquid HKD\u2011denominated reserves, in line with Hong Kong\u2019s rules for HKD\u2011referenced stablecoins.<\/p>\n
Animoca Brands\u2019 group president Evan Auyang has framed a regulated Hong Kong dollar stablecoin as core market infrastructure rather than a speculative token. In an interview with National Business Daily, Auyang said \u201cstablecoins are the bridge between native and enterprise Web3\u201d and argued that \u201cmainland assets going global need a Hong Kong dollar stablecoin,\u201d highlighting Hong Kong\u2019s role as an offshore capital window for China. He added that such a coin is \u201ccrucial for Hong Kong\u2019s financial infrastructure\u201d and would support \u201cgames, trade, and 24\/7 financial settlement,\u201d tying HKDAP directly to Web3 gaming, cross\u2011border commerce and always\u2011on payments.<\/p>\n
Hong Kong\u2019s Stablecoins Ordinance is one of the most prescriptive stablecoin frameworks globally, requiring full 1:1 reserve backing, segregated assets, strict liquidity criteria and ongoing disclosure for any fiat\u2011referenced tokens offered to the public. The HKMA originally aimed to approve the first HKD\u2011referenced stablecoin licences by March 2026 but missed that target, making the April authorisations for Anchorpoint and a parallel HSBC\u2011linked issuer a key milestone. According to Hong Kong officials, the goal is to create \u201ca secure tokenised medium of exchange for the digital economy and to facilitate international payments and capital flows,\u201d while avoiding the opacity that has plagued parts of the global stablecoin market.aastocks+5<\/p>\n
The HKDAP launch comes as regional hubs compete to anchor regulated stablecoin activity and tokenised money flows in Asia. Singapore has pursued its own regime and pilot projects, while jurisdictions such as the EU have introduced MiCA\u2011style rules for fiat\u2011backed tokens, but Hong Kong is among the first to license a bank\u2011linked HKD stablecoin intended for broad use in payments, gaming and finance. As highlighted in crypto.news coverage of institutional real\u2011world asset tokenization and the global stablecoin market, regulated stablecoins are increasingly seen by banks and Web3 firms as the settlement layer for tokenised treasuries and other on\u2011chain assets, a role HKDAP is designed to play for the Hong Kong dollar.<\/p>\n
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Animoca\u2011backed Anchorpoint is preparing to launch HKDAP, a regulated Hong Kong dollar stablecoin, as part of Hong Kong\u2019s push to make bank\u2011grade fiat tokens core financial infrastructure. Summary Anchorpoint, backed…<\/p>\n","protected":false},"author":1,"featured_media":12210,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[],"class_list":["post-25592","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-cryptocurrency"],"_links":{"self":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25592","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/comments?post=25592"}],"version-history":[{"count":1,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25592\/revisions"}],"predecessor-version":[{"id":25593,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/posts\/25592\/revisions\/25593"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media\/12210"}],"wp:attachment":[{"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/media?parent=25592"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/categories?post=25592"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/bitunikey.com\/news\/wp-json\/wp\/v2\/tags?post=25592"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}