Standard Chartered Becomes First Bank to Offer HKDAP
Eligible institutional clients can use HKDAP for payments and settlement as Standard Chartered expands tokenized fund and cross-border applications.
- On Monday, Standard Chartered Bank Hong Kong became the first bank to distribute the HKDAP stablecoin, enabling institutional clients to access Hong Kong's regulated digital asset.
- The Hong Kong Monetary Authority awarded its first two stablecoin issuer licences to Anchorpoint Financial and HSBC in April after receiving 36 applications, establishing a regulated framework.
- Operating as a Standard Chartered subsidiary, Anchorpoint Financial uses a business-to-business-to-consumer model that limits HKDAP access to institutional partners while maintaining a value of HK$1 per token.
- Standard Chartered plans to integrate HKDAP into commercial applications over the coming month, targeting tokenized fund subscriptions, corporate treasury management, and cross-border payments to reduce settlement gaps.
- Anchorpoint officials indicated that wider retail expansion may be possible later this year, while HSBC continues preparing its own stablecoin for the second half of 2026 with PayMe's 3.3 million users.
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Cryptocurrency News | Cryptocurrency Prices | Market CapStandard Chartered becomes first bank to offer HKDAP
Standard Chartered became HKDAP’s first bank distributor and plans tokenized fund settlement services using the stablecoin in Q4.
Standard Chartered becomes first bank to distribute Hong Kong dollar stablecoin
Standard Chartered Launches as First Bank Distributor of HKD Stablecoin
Standard Chartered Bank (Hong Kong) has become the first authorized bank to distribute HKDAP, a regulated Hong Kong dollar-backed stablecoin issued by Anchorpoint Financial. The bank said it is now working with eligible institutional clients and partners as part of a phased rollout, with early use cases focused on tokenized fund settlements, treasury operations and cross-border payments. Standard Chartered’s announcement comes less than a couple…
CoinStats - Standard Chartered Becomes First Bank Distrib...
Standard Chartered Bank (Hong Kong) has become the first bank authorised to distribute HKDAP, the regulated Hong Kong dollar-backed stablecoin issued by Anchorpoint Financial, marking another step in Hong Kong’s push to bring tokenised money into mainstream financial infrastructure. The bank announced the move on August 24, saying it is already engaging with eligible institutional clients and partners that want to integrate HKDAP into payments, …
STABLECOINS | Standard Chartered Becomes First Bank to Distribute a Regulated Hong Kong Stablecoin
Standard Chartered Bank Hong Kong has become the first bank authorised to distribute HKDAP, a regulated Hong Kong dollar-backed stablecoin issued by Anchorpoint Financial, expanding the token’s rollout into conventional banking. The bank is initially working with eligible institutional clients on use cases including: tokenised fund settlement, treasury management, and cross-border payments. Standard Chartered plans to introduce HKDAP-based subs…
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