(25 August 2026 – Hong Kong) Standard Chartered Bank Hong Kong (SCBHK) has become an authorised distributor of Hong Kong Dollar At Par (HKDAP), the first regulated HKD-backed stablecoin issued by Anchorpoint Financial Limited.
SCBHK is actively engaging with eligible institutional clients and supporting use cases to integrate HKDAP into treasury operations, unlocking real-economy benefits through more efficient and cost-effective transactions and operations.
“Standard Chartered is pleased to be the first bank distributor to provide eligible clients with secure access to the market-first Hong Kong dollar-backed stablecoin. This milestone reflects our commitment to advancing innovation to shape the future of finance and our belief in the transformative potential of tokenised money to support the real-world economy. Since Anchorpoint received its stablecoin issuer licence, we have seen strong interest from clients exploring how HKDAP can support their business needs” commented Standard Chartered CEO, Hong Kong and Greater China & North Asia, Mary Huen.
“The participation of Standard Chartered as an authorised distributor marks an important milestone in the growth of the HKDAP ecosystem. Achieving broad adoption of regulated tokenised money requires trusted channels that can connect new digital infrastructure with market needs. Leveraging the bank’s international network and digital asset expertise will help expand commercial and cross-border opportunities with HKDAP, strengthening the ecosystem participation needed for the next phase of digital asset innovation” stated Anchorpoint CEO and Co-Founder, Dominic Maffei.