Standard Chartered launches HKD-backed stablecoin HKDAP in Hong Kong

Standard Chartered, in a joint venture with Animoca Brands and HKT, has launched its Hong Kong dollar-backed stablecoin, HKDAP. This marks the first phase of institutional use, with retail availability anticipated by late 2026, pending market conditions. The initiative aligns with Hong Kong's broader strategy to establish itself as a global digital asset hub, following the implementation of its stablecoin law. AI

RANK_REASON Launch of a regulated stablecoin by a major financial institution in a key financial hub. [lever_c_demoted from significant: ic=1 ai=0.0]

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• Anchorpoint Financial
• Animoca Brands
• HKDAP
• Hong Kong
• Hong Kong Monetary Authority
• Standard Chartered

• product
• policy

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