Standard Chartered-Backed Anchorpoint Starts First-Phase Issuance of Hong Kong Dollar Stablecoin
JOON HYOUNG LEE
Summary
- Anchorpoint, backed by Standard Chartered, has begun the first phase of issuance for Hong Kong dollar-based stablecoin HKDAP.
- In the first phase, institutional distributors and professional investors will be granted access for testing.
- Anchorpoint is a joint venture established by Standard Chartered, HKT and Animoca Brands, and it obtained a Hong Kong Monetary Authority stablecoin issuer license.
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Anchorpoint, a joint venture backed by Standard Chartered, has started issuing a Hong Kong dollar-based stablecoin.
Odaily and other outlets reported on August 12 that Anchorpoint began the first phase of issuance for the Hong Kong dollar stablecoin HKDAP that day. During the initial phase, institutional distributors and professional investors will be given access for testing.
Anchorpoint was jointly established by Standard Chartered, HKT and Animoca Brands. The venture obtained a stablecoin issuer license from the Hong Kong Monetary Authority in May.
JOON HYOUNG LEE
gilson@bloomingbit.ioCrypto Journalist based in Seoul