Animoca-backed Anchorpoint is making ready to launch HKDAP, a regulated Hong Kong greenback stablecoin, as a part of Hong Kong’s efforts to make bank-grade fiat tokens its core monetary infrastructure.
Anchorpoint Monetary Expertise, a three way partnership backed by Normal Chartered Financial institution (Hong Kong), HKT and Animoca Manufacturers, plans to launch a regulated Hong Kong greenback stablecoin referred to as HKDAP (HKD At Par) within the second quarter of 2026 after receiving a stablecoin issuance license from the Hong Kong Financial Authority (HKMA). This license, granted below Hong Kong’s new Stablecoin Ordinance, which got here into drive on August 1, 2025, makes Anchorpoint one of many metropolis’s first licensed issuers of fiat-referenced stablecoins, paving the way in which for the gradual rollout of HKDAP to institutional traders and ultimately shops.
“We purpose to problem a regulated Hong Kong dollar-backed stablecoin HKDAP (i.e. HKD At Par) in a phased method ranging from the second quarter of this 12 months,” Anchor Level stated in its license announcement, positioning the token as a brand new technique of fee for digital markets. The corporate is a subsidiary of Normal Chartered Financial institution (Hong Kong) and was collectively established by Normal Chartered, HKT and Animoca Manufacturers in February 2025 with the acknowledged purpose of issuing and selling stablecoins licensed below the supervision of the HKMA. Based on HKMA and business stories, every HKDAP token will likely be backed on a 1:1 foundation by high-quality, extremely liquid Hong Kong dollar-denominated reserves in accordance with Hong Kong rules for Hong Kong dollar-referenced stablecoins.
Evan Auyang, president of Animoca Manufacturers Group, positions the regulated Hong Kong greenback stablecoin as core market infrastructure somewhat than a speculative token. In an interview with Nationwide Enterprise Every day, Au-Yang stated, “Stablecoins are a bridge between native Web3 and enterprise Web3,” and asserted that “Hong Kong greenback stablecoins are wanted to ship mainland belongings to the world,” emphasizing Hong Kong’s function as China’s offshore capital window. He added that such a coin can be “essential to Hong Kong’s monetary infrastructure” and would help “gaming, commerce and 24/7 monetary funds”, immediately linking HKDAP to Web3 gaming, cross-border commerce and always-on funds.
Hong Kong’s Stablecoin Ordinance is without doubt one of the most prescriptive stablecoin frameworks globally, requiring full 1:1 reserve backing, asset segregation, strict liquidity requirements, and steady disclosure for fiat reference tokens supplied to the general public. The HKMA had initially aimed to approve the primary Hong Kong dollar-referenced stablecoin license by March 2026, however missed that focus on, making April approvals for Anchor Level and a parallel issuer with HSBC a key milestone. Hong Kong officers say the purpose is to create a “safe tokenized medium of alternate for the digital financial system” and facilitate worldwide funds and capital flows, whereas avoiding the opacity that plagues a number of the world’s stablecoin markets.
The launch of HKDAP comes as regional hubs race to anchor regulated stablecoin exercise and tokenized funds flows in Asia. Whereas Singapore is pursuing its personal regimes and pilot tasks, and jurisdictions such because the EU have launched MiCA-style guidelines for fiat-backed tokens, Hong Kong was one of many first nations to approve a bank-linked Hong Kong greenback stablecoin for widespread use in funds, gaming, and finance. As highlighted in crypto.information’ reporting on institutional real-world asset tokenization and the worldwide stablecoin market, regulated stablecoins are more and more being checked out as a settlement layer for treasuries and different on-chain belongings tokenized by banks and Web3 corporations, a job HKDAP is designed to play for the Hong Kong greenback.
