SummaryStandard Chartered has become the first bank to distribute one of Hong Kong’s two regulated stablecoins, the Hong Kong dollar-backed HKDAP issued by Anchorpoint Financial.The bank will initially help eligible institutional clients and partners integrate HKDAP, with planned uses including fund subscriptions, asset-manager settlements, internal transfers and cross-border payments.Anchorpoint began a limited institutional rollout on Aug. 12, while fellow licensee HSBC is preparing its stablecoin for the second half of 2026.Standard Chartered (STAN) has become the first bank to become a distributor of one of Hong Kong’s two regulated stablecoins.The London-based bank said it will initially help its eligible institutional clients and partners to integrate the Hong Kong dollar stablecoin issued by Anchorpoint Financial (HDAKP), of which it is a majority shareholder, in an emailed announcement on MondayStandard Chartered also said it has plans to roll-out a number of new HKDAP commercial applications over the coming month. Use cases include market fund subscriptions, settlement with asset managers, intragroup settlement across the bank’s global network and cross-border payments, Standard Chartered said.Anchorpoint Financial began a limited rollout of HKDAP on Aug. 12, four months after securing one of the city’s first two issuer licences. The initial rollout will focus on institutional payments and settlement before adding more access channels and cross-border applications.HSBC, the other initial licensee, is preparing its stablecoin for the second half of 2026 and could distribute it through PayMe, which has 3.3 million users. Kraken parent Payward has also expanded its Hong Kong stablecoin operations through a $600 million agreement to buy Reap Technologies.12345678910Anvil: The Missing Collateral LayerAnvil: The Missing Collateral LayerAnvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Jul 29, 2026Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.Why it matters:Anvil is a shared on-chain collateral layer built on a programmable letter of credit: reserve assets as a guarantee -no loan, no interest, keep custody & yield.View Full Report