Solana (SOL) Moves In on Hong Kong Banks to Scale Its $14 Billion Stablecoin Market

While mainland China maintains a strict ban on cryptocurrency transactions, the American platform Solana Foundation has made a major step in the region by signing a strategic agreement with a local licensed issuer in Hong Kong, Anchorpoint Financial Limited. The partnership launches the HKDAP stablecoin for retail payments and tokenized assets — this is the project's first direct collaboration with a public blockchain foundation. The issuer Anchorpoint is a consortium of Standard Chartered Bank (Hong Kong), telecom operator HKT and Animoca Brands, which received the FRS01 license from the Hong Kong Monetary Authority (HKMA). Integration with Solana provides instant issuance and redemption of the asset, opening a legal banking gateway for retail and for trading real-world assets (RWA) .

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