Anchorpoint Unveils HKDAP Hong Kong Dollar Stablecoin in Institutional Beta Phase

Anchorpoint has launched its HKDAP Hong Kong dollar stablecoin in an institutional beta phase. Authorized distributors HashKey Exchange and OSL Group will provide access to eligible users, who can then use the token for payments, capital transfers, and settlement of tokenized financial instruments.

HKDAP is pegged one-to-one to the Hong Kong dollar and does not pay interest. The initial rollout is narrow, with Anchorpoint planning to broaden access to retail users by the end of 2026, depending on market conditions.

The launch follows the Hong Kong Monetary Authority's (HKMA) action in April, when it awarded the first stablecoin issuer licenses to Anchorpoint and HSBC. This move marked a significant step towards deploying the project in real-world settings.