According to an official announcement from Standard Chartered Bank, Anchorpoint Financial Limited, a joint venture between Standard Chartered Bank, Hong Kong Telecom, and Animoca Brands, has obtained a license for stablecoin issuance issued by the Hong Kong Monetary Authority (HKMA). Anchorpoint has become one of the first two institutions in Hong Kong to receive this license, planning to launch the regulated Hong Kong dollar stablecoin HKDAP (i.e., HKD At Par) in phases starting from the second quarter of this year. The institution will adopt a B2B2C model, opening HKDAP to the public through authorized distributors, and will focus on promoting applications such as settlement and distribution of tokenized real-world assets (RWA) and cross-border fund flows.