Anchorpoint begins phased HKDAP stablecoin rollout for institutional users

Anchorpoint, a venture led by Standard Chartered in collaboration with Animoca Brands and HKT, has launched HKDAP, the first regulated Hong Kong dollar stablecoin. The rollout is currently phased for institutional users to enhance financial infrastructure across Asia. This initiative aims to revolutionize cross-border trade finance and payments while positioning Hong Kong as a leader in regulated digital currency. The launch of HKDAP is expected to significantly drive financial innovation within the region's digital asset ecosystem.