Wire · operational-macro
Standard Chartered's Anchorpoint launches beta version of HKDAP stablecoin
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Fusion42 · 13 August 2026 · Fusion42 review
Standard Chartered's Anchorpoint has launched the beta version of HKDAP, the first licensed regulated stablecoin in Hong Kong, targeting institutional and professional investors initially with plans for retail adoption by year-end. The Hong Kong Monetary Authority imposes strict compliance including mandatory holder identification, positioning HKDAP as a secure option for cross-border payments and tokenized securities settlement.
This Wire brief sits within Fusion42's coverage of Fintech.
◆ ◆ The Wire takeaway
Launching a fully regulated stablecoin in Hong Kong moves compliance front and centre; you in fintech need to re-evaluate risk and identity verification frameworks to access this growing market. Retail stablecoins must meet tough rules, so partnerships with vetted issuers like Anchorpoint open the safest market access route.
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1 source · 13 Aug 2026
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