Standard Chartered becomes first bank to distribute Hong Kong dollar stablecoin

Standard Chartered, a London-based multinational bank managing approximately $850 billion in assets, has announced it will distribute a Hong Kong dollar-pegged stablecoin. The bank will make Anchorpoint's HKDAP token available to eligible clients and partners. This marks a significant milestone as Standard Chartered becomes the first bank to distribute a Hong Kong dollar stablecoin. The move signals growing institutional interest in regulated digital assets tied to traditional currencies.