Hong Kong’s HKDAP: A Stablecoin Odyssey or Financial Farce?
Anchorpoint Financial Technology, a joint venture born of the unholy alliance between Standard Chartered Bank (Hong Kong), HKT, and Animoca Brands, shall bestow upon us HKDAP in the second quarter of 2026. A stablecoin issuer licence from the HKMA? How noble. Yet, one cannot help but wonder if this is but a desperate grasp at relevance in a world where financial innovation is as predictable as the tides.


