Standard Chartered has become the first bank to distribute HKDAP, the Hong Kong‑regulated Hong Kong‑dollar stablecoin. The bank plans to launch subscription and settlement services for tokenized money‑market funds together with international and local asset managers in the fourth quarter. It will also test internal settlements using HKDAP across the group network in the short term, while exploring use‑cases such as cross‑border payments and treasury management. HKDAP is issued by Anchorpoint Finance, in which Standard Chartered holds equity participation.