Hsbc

Standard Chartered-led Anchorpoint Financial has begun a limited rollout of HKDAP, a Hong Kong dollar-backed stablecoin, after securing one of the city’s first issuer licences. HashKey Exchange and OSL Group are now authorized distributors, giving eligible institutions and professional investors access to minting and redemption channels.

Britain’s plan to test tokenized sovereign debt by early 2027 is drawing attention across digital finance as officials push wholesale market modernization. Market participants say the project’s success depends on regulated onchain cash, stronger sterling stablecoin infrastructure and clearer settlement rules.

Swift is preparing live transaction tests for a blockchain-based shared ledger with 17 major banks, including HSBC, UBS, Wells Fargo and Citi. The platform is designed to support tokenized deposits and regulated digital money while keeping final settlement connected to existing payment rails.

HSBC has introduced the HSBC Gold Token, the first blockchain-based real-world asset tailored for retail investors in Hong Kong. This milestone offering, available through HSBC's digital channels, signifies the bank's proactive stance in embracing digital assets within a regulated framework.