Anchor Point Financial Technology plans to launch the regulated Hong Kong dollar stablecoin HKDAP in phases in Q2

Animoca Brands announced on the X platform that the joint venture Fintech Anchor, co-founded by Standard Chartered Bank, HKT, and Animoca Brands, will gradually promote the regulated Hong Kong dollar-backed stablecoin HKDAP (HKD At Par) starting in the second quarter of this year.

Its Group President Evan Auyang stated that a properly governed Hong Kong dollar-backed stablecoin is crucial for Hong Kong's financial infrastructure.