Anchorpoint begins phased launch of HKD stablecoin HKDAP

Anchorpoint Fintech, led by Standard Chartered Bank Hong Kong, has begun a phased rollout of the Hong Kong dollar stablecoin HKDAP for institutions and professional investors, The Block reported. Anchorpoint plans to use HKDAP for cross-border payments and for payments and distribution tied to tokenized real-world assets.