{
  "id": 3085252,
  "title": "Standard Chartered takes HKDAP into banking mainstream",
  "url": "https://urgent.news/2026/08/24/standard-chartered-takes-hkdap-into-banking-mainstream",
  "topic": "world",
  "section": "World",
  "published": "2026-08-24T12:35:30.000Z",
  "source": {
    "name": "Arabian Post",
    "slug": "arabian-post",
    "url": "https://thearabianpost.com/standard-chartered-takes-hkdap-into-banking-mainstream/"
  },
  "original_language": "en",
  "account": "Standard Chartered has become the first bank to offer a regulated Hong Kong dollar stablecoin, Anchorpoint Financial’s HKDAP, to eligible institutional clients and partners. This move marks a significant step in Hong Kong’s push to integrate tokenised money into mainstream financial services. The bank plans to help customers integrate HKDAP into various financial and commercial operations, including money-market fund subscriptions, settlements with asset managers, inter-entity transfers, and cross-border payments. HKDAP stands for HKD At Par and maintains a one-to-one value with the Hong Kong dollar. Currently available through a controlled beta programme, the stablecoin is issued by Anchorpoint Financial, a venture established with HKT and Animoca Brands, of which Standard Chartered is the majority shareholder. Under Anchorpoint’s business-to-business-to-consumer model, authorised distributors, like Standard Chartered, provide access to the token after conducting customer onboarding and know-your-customer checks. This distribution channel is a crucial step towards commercial use, as the small circulation and transaction volumes indicate a controlled institutional testing phase. Standard Chartered, with its extensive global reach and substantial assets, could give HKDAP a significant distribution advantage. The bank is accelerating its digital-asset strategy, already providing institutional trading in deliverable spot Bitcoin and Ether, expanding digital-asset custody services, and developing blockchain-based settlement and collateral arrangements. Hong Kong’s regulated stablecoin experiment, overseen by the monetary authority, aims to differentiate supervised fiat-backed tokens from less regulated alternatives, as other globally significant banks, including HSBC, prepare their own Hong Kong dollar stablecoins.",
  "summary": "Standard Chartered has become the first bank to distribute a regulated Hong Kong dollar stablecoin, opening access to Anchorpoint Financial’s HKDAP for eligible institutional clients and partners as Hong Kong pushes tokenised money deeper into mainstream financial services. The London-headquartered banking group said it will help qualifying customers integrate HKDAP into financial and commercial…",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}