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Anchorpoint may unveil HKDAP Hong Kong dollar stablecoin by end-July

Anchorpoint may unveil HKDAP Hong Kong dollar stablecoin by end-July

The Standard Chartered Bank (Hong Kong)-led venture could move from licensing into issuance, with OSL Group and HashKey Exchange lined up to distribute the Hong Kong dollar-pegged token.

Fact Check
The core of the claim is well supported: the Standard Chartered press release and HKMA insight (both 10 April 2026) confirm Anchorpoint's April licensing and a phased HKDAP launch planned from Q2 2026, and fintechnews.hk confirms May 2026 Ethereum mainnet testing, indicating readiness to move into issuance. The specific 'by end-July' timing derives from a single Hong Kong Economic Journal report relayed by crypto.news and cryptopolitan (July 31, 2026). The claim's hedged phrasing ('may unveil') aligns with this reporting. Given strong primary corroboration of the actors, licence, and direction toward issuance, and secondary-media support for the timing, the claim is likely true, though the exact end-July date carries some uncertainty as it rests on media reporting rather than an official commitment.
Summary

Anchorpoint Financial Limited could announce the launch of HKDAP, a Hong Kong dollar-pegged stablecoin, as early as the end of July 2026, in a step that would move one of Hong Kong’s first licensed stablecoin projects from regulatory approval into issuance. HKEJ reported, citing people familiar with the matter, that the venture is led by Standard Chartered Bank (Hong Kong), with OSL Group and HashKey Exchange set to serve as distributors. Anchorpoint previously received one of the first stablecoin issuer licenses from the Hong Kong Monetary Authority on April 10, 2026, under Hong Kong’s Stablecoins Ordinance. The project has said it plans a phased rollout using a business-to-business-to-consumer model, while HKMA rules require high-quality reserve backing, par convertibility into Hong Kong dollars, and compliance with anti-money laundering and customer verification standards. HKDAP would enter a stablecoin market worth more than $310 billion that remains dominated by U.S. dollar-linked tokens, underscoring Hong Kong’s effort to build regulated digital-asset payment and settlement infrastructure beyond crypto trading.

Terms & Concepts
  • stablecoin: A token designed to maintain a fixed value by referencing another asset or currency.
  • business-to-business-to-consumer: A distribution model in which a product is delivered through partner companies before reaching end users.
  • tokenization: The process of representing financial assets or claims in digital token form for use on blockchain-based systems.