Regulated by
Hong Kong Monetary Authority
Licensed stablecoin issuer (licence number FRS01)
Subsidiary of
Oldest note-issuing bank, since 1862
Tokenized money for evolving economies and markets.
Built For Progress
From settlement to smart contracts, treasury to trade, our tokenized money is a new financial building block that’s programmable, transparent, and built without compromise.
Stable.
Trusted.
Transparent.
Anchorpoint is a licensed stablecoin issuer regulated by the Hong Kong Monetary Authority. As Standard Chartered’s subsidiary, our risk management and compliance standards are built from the ground up to work natively with our best-in-class tokenized money infrastructure, all in-line with the rigorous framework of a Global Systemically Important Bank.
Tokenized Money
HKDAP is the Hong Kong dollar you know, but upgraded to do more, for everyone
Issued under HKMA’s oversight, redeemable 1:1 for Hong Kong dollars, and fully backed by cash and highly liquid investments – HKDAP can be safely used by institutions, corporations and the general public in the real economy.
Access HKDAP (coming soon)
Check out the list of initial partners during Beta Access stage who can enable you to convert, use and integrate HKDAP securely
Open Ecosystem
New financial infrastructure for everyone
Anchorpoint empowers leading digital asset platforms, financial institutions, corporates and small businesses to redefine their products and services, and collectively supercharge Hong Kong’s digital asset ecosystem.
Understanding HKDAP
Learn the basics about HKDAP
What is stablecoin? Is it regulated in Hong Kong?
A stablecoin is a type of digital asset that is designed to maintain a stable value, usually on a one-for-one basis relative to the price of certain assets (typically fiat currencies such as USD, HKD, etc), backed by a basket of financial assets or instruments. Currently, there are a wide variety of stablecoins existing globally, which may or may not be regulated and have varying levels of transparency and risk management standards.
Stablecoin in Hong Kong
The Stablecoins Ordinance (Cap. 656) officially took effect on 1 August 2025 providing Hong Kong Monetary Authority with the supervisory and enforcement framework over activities in Hong Kong involving stablecoins. Only entities granted a stablecoin issuer licence (for example, Anchorpoint) under the Stablecoins Ordinance (Cap. 656) can issue regulated, fiat-referenced stablecoins, and persons carrying on activities involving unregulated stablecoins may constitute an offence.
What is HKDAP?
HKDAP (“HKD At Par”) is the HKD-referenced stablecoin issued by Anchorpoint with a par value of HK$1.00 each that operates on supported public blockchain networks. Issued under Hong Kong Monetary Authority’s oversight, HKDAP is backed by a pool of high-quality, highly liquid reserves, as stipulated by the Stablecoins Ordinance and could encompass one or more of the asset types permissible under HKMA’s guideline, the value of which is required to be at least 100% of the par value of all HKDAP in circulation.
HKDAP is designed as an open, general-purpose settlement and payment instrument natively compatible with tokenized infrastructure, with the comfort that it’s redeemable 1:1 for HKD while offering users the benefits of enhanced efficiency, programmability and traceability compared to existing financial rails.
Who can use HKDAP?
Generally, HKDAP can be obtained, held, and used by all types of stakeholders – ranging from financial institutions, corporates, small-medium enterprises, merchants, and individuals – provided that they do not violate any of the customary eligibility requirements in the Terms and Conditions for HKDAP:
• For example, certain jurisdictions prohibit the use of cryptocurrencies, digital assets, or stablecoins by its citizens or residents – in which case HKDAP’s Authorised Distributors will not permit access to HKDAP for users from these jurisdictions.
We will open up eligibility and access to HKDAP along with our launch phases:
• Beta access (upcoming): corporates and Professional Investors (PIs) only
• Full launch (post-Beta): expand to cover retail individuals.
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