Standard Chartered‑Backed Anchorpoint Reported to Prepare HKDAP Hong Kong‑Dollar Stablecoin Rollout

A public issuance would place a HKMA‑licensed, one‑to‑one reserve‑backed token onto Ethereum to combine regulated custody with wider wallet and exchange access.

Overview

Local media reported that Anchorpoint, backed by Standard Chartered (Hong Kong), HKT and Animoca Brands, is expected to announce a public rollout of HKDAP before the end of July but the company has not formally confirmed the timing.
Anchorpoint received one of the first stablecoin issuer licenses from the Hong Kong Monetary Authority under rules that require full one‑to‑one reserve backing, segregated customer accounts and ongoing supervision.
In May, Anchorpoint, licensed platform OSL Group and PantherTrade completed an Ethereum mainnet transfer test that validated issuance, transfer and settlement using production‑grade infrastructure.
Every HKDAP token is planned to be backed one‑to‑one by high‑quality Hong Kong dollar reserves held in segregated accounts to meet HKMA reserve and disclosure requirements.
If launched commercially, HKDAP’s deployment on Ethereum and its planned B2B2C rollout could link regulated custody to existing wallets and exchanges and raise questions about how Hong Kong will monitor on‑chain activity and consumer access.