Anchorpoint stablecoin chief executive Dominic Maffei declined to confirm a retail launch date at an October 23, 2026, press conference, emphasizing a cautious rollout for the Standard Chartered-backed venture. The company had previously indicated that retail access could begin as early as the end of 2026.
Key Takeaways
- Maffei emphasized sustainable market development rather than committing to a retail launch date.
- HKDAP’s live beta serves corporates and professional investors, with retail access planned for full launch.
- HSBC launched its competing Hong Kong dollar-backed RedCoin for PayMe users on October 23.
Table of Contents
- Anchorpoint stablecoin timetable remains conditional
- Retail access depends on the wider distribution system
- HSBC moves into retail as the venture builds its market
- Conclusion
Anchorpoint stablecoin timetable remains conditional
Anchorpoint released its institutional stablecoin product in August 2026. Maffei’s latest comments leave the next phase unconfirmed rather than establishing a new launch deadline.
“We believe it’s important to build the market out in a long-term, sustainable manner,” Maffei said, adding that rushing a launch “does not make sense.”
The distinction matters for prospective retail users: an earliest possible launch window is not a firm availability date. Maffei did not confirm the previously indicated end-2026 timing, but neither did he announce a replacement timetable.
| Item | Details |
|---|---|
| Token name | HKDAP, short for “HKD At Par.” |
| Par value | HK$1.00 per token. |
| Reserve requirement | Reserve value must be at least 100% of the par value of HKDAP in circulation. |
| Product characteristics | Designed for settlement and payments; not a yield-bearing product. |
Retail access depends on the wider distribution system
Anchorpoint’s phased access framework separates the live beta for corporates and professional investors from a full launch that would include individuals. Its product FAQ makes the earliest end-2026 target conditional on readiness across issuance, distribution and infrastructure such as custody.
End users are expected to obtain and convert HKDAP through authorised distributors rather than opening a direct account with Anchorpoint. During beta, distributors and adoption partners can prepare their systems, operations and products before broader access.
These product conditions explain the planned rollout structure; they do not establish a new deadline following Maffei’s October remarks.
HSBC moves into retail as the venture builds its market
HSBC launched its Hong Kong dollar-backed RedCoin on October 23 for the 3.3 million users of its PayMe app. That gives the rival offering an existing consumer distribution channel while Anchorpoint remains focused on its phased approach.
Anchorpoint grew out of a partnership between Standard Chartered, Animoca Brands and telecommunications provider HKT announced in February 2025. The partners had jointly participated in Hong Kong’s stablecoin issuer sandbox, launched in July 2024.
Animoca’s intended contribution includes blockchain expertise, its industry network and the development of uses across the Web3 ecosystem. Those plans concern building applications for the stablecoin, not a confirmed date for opening access to retail users.
Conclusion
The next milestone for Anchorpoint is full launch and the expansion of eligibility to retail individuals. Its timing remains conditional, with no firm date confirmed in Maffei’s October 23 remarks.
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