Anchorpoint Launches HKD Stablecoin via HashKey and OSL
Standard Chartered-Led Venture Debuts HKDAP Stablecoin in Hong Kong
HKD STABLECOIN DEBUTS IN HK
Illustration concept: A modern financial skyscraper in Hong Kong's Central district overlayed with subtle glowing digital currency symbols and blockchain network nodes, photorealistic, professional economic journalism style.
AI summary
Anchorpoint, a initiative led by banking major Standard Chartered, has launched a new Hong Kong dollar-pegged stablecoin known as HKDAP. Institutional and professional investors can now mint and redeem the asset through newly appointed distribution partners HashKey Exchange and OSL Group.
Why this matters
The rollout of HKDAP signals deepening involvement by major multinational banks in Hong Kong's evolving digital asset landscape. By integrating established licensed crypto exchanges for distribution, traditional financial firms are building institutional-grade bridges between fiat currency and blockchain networks.
Key takeaways
- Standard Chartered-led venture Anchorpoint launched the HKDAP stablecoin.
- HashKey Exchange and OSL Group were named as official distributor partners.
- Minting and redemption functionality is live for institutional and professional investors.
Hong Kong’s digital asset ecosystem gained a new fiat-pegged token as Anchorpoint, an initiative backed by global banking giant Standard Chartered, officially unveiled its Hong Kong dollar stablecoin, designated as HKDAP.
According to reports from CoinDesk, licensed digital asset platforms HashKey Exchange and OSL Group have signed on as authorized distributors for the asset. The dual distribution deal establishes the primary infrastructure for issuing and servicing the token in the region.
Through these authorized partners, access to HKDAP is tailored specifically toward qualified market participants. Institutional clients and professional investors are now able to directly mint and redeem HKDAP tokens via HashKey and OSL's exchange portals.
The deployment underscores a broader strategy among financial legacy institutions to capture market share in regulated stablecoin issuance, capitalizing on Hong Kong's proactive regulatory framework for digital assets.
Frequently asked questions
- What is the HKDAP token?
- HKDAP is a Hong Kong dollar-pegged stablecoin introduced by Anchorpoint, a project led by Standard Chartered.
- Which platforms support HKDAP distribution?
- HashKey Exchange and OSL Group serve as the authorized distribution platforms for the stablecoin.
- Who is eligible to mint and redeem HKDAP?
- Minting and redemption services are currently available to institutional and professional investors.
Source & transparency
- By:
- The Reviser Desk
- Source:
- CoinDesk
- Original publication:
- Aug 12, 2026, 1:13 PM
- The Reviser publication:
- Aug 12, 2026, 1:13 PM
- Updated:
- Aug 12, 2026, 1:30 PM
This report was independently written by The Reviser editorial desk from verified source material. It is not original on-the-ground reporting by The Reviser.
Related stories
BOE TESTS DIGITAL POUND
Bank of England Tests Digital Pound and Stablecoin Settlements
AI summaryThe Bank of England's Digital Pound Lab is initiating trials to assess trade-finance interoperability between private stablecoins and central bank digital currencies. In the pilot scenario, importers settle obligations using a potential digital pound while exporters receive funds via stablecoins.
TOKENIZED STOCKS ON CRYPTO.COM
Crypto.com Launches Tokenized Equity Derivatives Market
AI summaryCrypto.com has introduced tokenized stock derivatives as digital asset platforms increasingly venture into traditional equity markets. According to CoinDesk, the newly launched products provide traders with price exposure to equities rather than actual share ownership.
CASE DROPPED
FlightAware Drops Lawsuit Against Prediction Market Kalshi
AI summaryFlight-tracking platform FlightAware has voluntarily dismissed its lawsuit against prediction market exchange Kalshi without providing an official motive. The legal retreat coincided with data showing that Kalshi's flight cancellation contract market failed to attract significant user interest.
RUSSIA RESTRICTS CRYPTO TRADING
Russia to Limit Retail Crypto Trading to BTC, ETH, USDT
AI summaryRussia is preparing new restrictions on retail cryptocurrency trading, confining non-qualified investors to a select list of digital assets including Bitcoin, Ether, and USDT. Under the proposed measures, retail traders will also be subject to an annual spending limit per financial intermediary, while accredited investors remain exempt.