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Standard Chartered launches HKD-backed stablecoin HKDAP in Hong Kong

By PulseAugur Editorial · [1 sources] ·

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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AI-generated summary · Google Gemini · from 1 sources. How we write summaries →

Standard Chartered launches HKD-backed stablecoin HKDAP in Hong Kong

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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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COVERAGE [1]

  1. SCMP — Tech TIER_1 English(EN) · Themis Qi ·

    Hong Kong stablecoin selection expands with Standard Chartered-led venture’s launch

    A Standard Chartered-led joint venture kicked off institutional use of Hong Kong dollar-backed stablecoins on Wednesday, a year after the city put its stablecoin law into effect as part of an effort to become a global hub for digital assets. Retail use of the regulated cryptocurr…

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