Standard Chartered JV to issue HKDAP stablecoin starting Q2 2026

Anchorpoint will adopt a B2B2C model.

A Standard Chartered joint venture has successfully clinched one of two stablecoin issuer licenses granted by the Hong Kong Monetary Authority (HKMA).

Anchorpoint Financial Limited—a JV established by Standard Chartered Hong Kong, HKT, and Animoca Brands—will issue regulated HKD-backed stablecoin, called HKD At Par (HKDAP), beginning Q2 2026.

The roll-out of HKDAP will adopt a phased approach, the JV said in a press release on 10 April. Anchorpoint, meanwhile, will adopt a business-to-business-to-consumer (B2B2C) model.

Anchorpoint will offer incentives to “early adoption partners who are developing real-world use cases that provide tangible benefits to the broader economy across the region and promote the accessibility and acceptance of HKDAP,” it said.

Anchorpoint is also reportedly keen on co-developing innovative use cases that facilitate the settlement and distribution of tokenised real-world assets.