Standard Chartered Bank (Hong Kong) Limited, in partnership with Hong Kong Telecom and an investment consortium, has established Anchorpoint Finance Limited, which has been granted a stablecoin license in Hong Kong. Anchorpoint Finance is expected to begin a phased issuance of "HKDAP," a regulated stablecoin pegged to the Hong Kong dollar, starting in the second quarter of this year.
The business model will operate as follows: 1. B2B2C: Utilizing a business-to-business-to-consumer model, HKDAP will be distributed through designated authorized distributors to broaden public access. Anchorpoint Finance will offer incentives to early partners to encourage the adoption and application of HKDAP. 2. Innovative Use Cases: The initiative aims to enhance the settlement and distribution of tokenized real-world assets. 3. Cross-Border Payments: Developing solutions for cross-border payments and capital flows.
Standard Chartered highlighted that cross-border payments hold significant potential for Hong Kong and the broader Asian region, and are expected to play a key role in the evolution of future settlement processes and value transfers.
Bill Winters, Group Chief Executive of Standard Chartered, stated that obtaining the stablecoin issuer license reinforces the bank's role as a leader in building the future of digital assets. He noted that HKDAP will provide a robust, regulated medium of exchange, further reshaping financial markets and accelerating the development of next-generation trade. Standard Chartered will connect clients with markets, offering institutional-grade pathways to ensure secure and compliant access to digital assets.
Winters added that, leveraging Hong Kong's robust regulatory framework and the efficiency of public blockchain technology, Standard Chartered is advancing toward a future of fully digitalized, transparent, and instant asset settlement.
Mary Huen, CEO of Standard Chartered Hong Kong and Greater China and North Asia, expressed pride in being one of the first institutions to receive a stablecoin issuer license from the Hong Kong Monetary Authority. As the largest shareholder of Anchorpoint Finance and Hong Kong's oldest note-issuing bank, Standard Chartered looks forward to collaborating with strategic partners to drive transformation in the financial ecosystem.
Dominic Maffei, CEO of Anchorpoint Finance, emphasized the company's focus on providing a secure, convenient, and regulated tokenized currency for the digital asset ecosystem. He described the current period as a critical moment to redefine finance and currency, aiming to reshape existing financial transaction methods, empower new financial infrastructure, and deliver tangible benefits for institutions and individuals.
Public records indicate that Standard Chartered Hong Kong, Hong Kong Telecom, and the investment consortium began exploring stablecoins as a form of tokenized payment in early 2023. In 2024, Standard Chartered officially joined the Hong Kong Monetary Authority's stablecoin issuer "sandbox" program. The experience has laid a solid foundation for the bank's team focused on the future of currency and tokenized assets. Anchorpoint Finance was established in 2025 to support industry participants in developing digital asset-related businesses in Hong Kong, contributing to the city's vision of becoming a global digital asset hub.
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