Animoca‑backed Anchorpoint is getting ready to launch HKDAP, a regulated Hong Kong greenback stablecoin, as a part of Hong Kong’s push to make financial institution‑grade fiat tokens core monetary infrastructure.
Anchorpoint Monetary Expertise, a three way partnership backed by Customary Chartered Financial institution (Hong Kong), HKT and Animoca Manufacturers, will launch a regulated Hong Kong greenback stablecoin referred to as HKDAP (HKD At Par) within the second quarter of 2026 after securing a stablecoin issuer licence from the Hong Kong Financial Authority (HKMA). The licence, granted underneath Hong Kong’s new Stablecoins Ordinance that took impact on August 1, 2025, makes Anchorpoint one of many metropolis’s first authorised issuers of fiat‑referenced stablecoins and clears the way in which for a phased rollout of HKDAP for institutional and finally retail use.
In its licence announcement, Anchorpoint mentioned it “targets to subject the regulated Hong Kong greenback‑backed stablecoin HKDAP (i.e. HKD At Par) with a phased strategy from the second quarter of this yr,” positioning the token as a brand new settlement rail for digital markets. The corporate is a subsidiary of Customary Chartered Financial institution (Hong Kong) and was collectively established by Customary Chartered, HKT and Animoca Manufacturers in February 2025 with the specific aim of issuing and advancing licensed stablecoins underneath HKMA oversight. Based on HKMA and business reporting, every HKDAP token will likely be backed 1:1 by excessive‑high quality, extremely liquid HKD‑denominated reserves, consistent with Hong Kong’s guidelines for HKD‑referenced stablecoins.
Animoca Manufacturers’ group president Evan Auyang has framed a regulated Hong Kong greenback stablecoin as core market infrastructure slightly than a speculative token. In an interview with Nationwide Enterprise Day by day, Auyang mentioned “stablecoins are the bridge between native and enterprise Web3” and argued that “mainland property going world want a Hong Kong greenback stablecoin,” highlighting Hong Kong’s position as an offshore capital window for China. He added that such a coin is “essential for Hong Kong’s monetary infrastructure” and would assist “video games, commerce, and 24/7 monetary settlement,” tying HKDAP on to Web3 gaming, cross‑border commerce and at all times‑on funds.
Hong Kong’s Stablecoins Ordinance is among the most prescriptive stablecoin frameworks globally, requiring full 1:1 reserve backing, segregated property, strict liquidity standards and ongoing disclosure for any fiat‑referenced tokens supplied to the general public. The HKMA initially aimed to approve the primary HKD‑referenced stablecoin licences by March 2026 however missed that focus on, making the April authorisations for Anchorpoint and a parallel HSBC‑linked issuer a key milestone. Based on Hong Kong officers, the aim is to create “a safe tokenised medium of change for the digital financial system and to facilitate worldwide funds and capital flows,” whereas avoiding the opacity that has plagued components of the worldwide stablecoin market.aastocks+5
The HKDAP launch comes as regional hubs compete to anchor regulated stablecoin exercise and tokenised cash flows in Asia. Singapore has pursued its personal regime and pilot tasks, whereas jurisdictions such because the EU have launched MiCA‑type guidelines for fiat‑backed tokens, however Hong Kong is among the many first to license a financial institution‑linked HKD stablecoin meant for broad use in funds, gaming and finance. As highlighted in crypto.information protection of institutional actual‑world asset tokenization and the worldwide stablecoin market, regulated stablecoins are more and more seen by banks and Web3 companies because the settlement layer for tokenised treasuries and different on‑chain property, a task HKDAP is designed to play for the Hong Kong greenback.
