Published Aug 12, 2026, 7:20 AM ET · Updated 3 months ago · 2 sources
THE BLOCK: Standard Chartered-backed Anchorpoint has begun its phase 1 rollout of HKDAP, its Hong Kong dollar-backed stablecoin, to institutional users and professional investors. The HKMA-licensed issuer said its initial focus is on cross-border payments and the settlement and distribution of tokenized real-world assets.
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THE BLOCK: Standard Chartered-backed Anchorpoint has begun its phase 1 rollout of HKDAP, its Hong Kong dollar-backed stablecoin, to institutional users and professional investors. The HKMA-licensed issuer said its initial focus is on cross-border payments and the settlement and distribution of tokenized real-world assets.