Standard Chartered-led Anchorpoint has started a limited rollout of HKDAP, its Hong Kong dollar-backed stablecoin, four months after securing one of the city’s first two issuer licenses.
The initial rollout will focus on institutional payments and settlement before adding more access channels and cross-border applications.
HashKey Exchange and OSL Group joined as authorized distributors, allowing eligible institutions and professional investors to obtain HKDAP through their apps and other supported channels.
Anchorpoint, a joint venture between Standard Chartered, Animoca Brands, and HKT, plans to use distributors and commercial partners to bring the token into payments, settlement, and other financial applications. HKDAP stands for “Hong Kong dollar at par.”
