Switch to seedless. Get 30% off with SWITCH30 till Nov 02Solana and Anchorpoint launch HKDAP stablecoin
6.9 Stablecoins Anchorpoint and Solana Foundation will launch HKDAP, a Hong Kong dollar stablecoin, on Solana, expanding from Ethereum beta to retail payments and tokenized assets.
Anchorpoint Financial has partnered with the Solana Foundation to launch HKDAP, a Hong Kong dollar-backed stablecoin, natively on the Solana blockchain. Previously available only as a beta on Ethereum for institutional users, HKDAP will now expand to support retail payments and tokenized asset transactions, leveraging Solana’s high-speed, low-cost infrastructure. The partnership, supported by Standard Chartered, HKT, Animoca Brands, and PwC, aims to enable instant issuance and redemption of HKDAP. This provides a compliant bridge to Hong Kong dollar liquidity under the Hong Kong Monetary Authority’s regulatory framework. This initiative marks Solana’s first direct collaboration with a licensed stablecoin issuer and positions Solana as a key settlement hub in the region’s $14 billion stablecoin market. Retail rollout is pending final compliance checks, with no launch date announced.
