Anchorpoint Taps Solana to Launch HKDAP Regulated Stablecoin

The Standard Chartered-led consortium entered a strategic collaboration with the Solana Foundation, aiming to bring its HKDAP stablecoin to the Solana ecosystem and enable native minting and redemptions on the Solana blockchain, targeting retail, local, and international adoption. Anchorpoint, a consortium licensed by the Hong Kong Monetary Authority (HKMA) to issue Hong Kong dollar-backed stablecoins, has taken the first steps to launch its HKDAP stablecoin into the wider crypto market. The consortium, led by Standard Chartered with the participation of Animoca Brands and HKT, entered a strategic collaboration with the Solana Foundation to support retail and institutional use cases for its HKDAP Hong Kong dollar-pegged stablecoin.

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