Solana Foundation partners with Anchorpoint to launch HKDAP stablecoin in Hong Kong

Solana Foundation, the US-based non-profit supporting the Solana blockchain, has entered into a strategic partnership with Anchorpoint Financial Limited to introduce a Hong Kong dollar-linked stablecoin, HKDAP, for retail payments and tokenized asset trading in Hong Kong. Anchorpoint Financial Limited is a consortium backed by Standard Chartered Bank (Hong Kong), telecom operator HKT, and Animoca Brands. The company holds an FRS01 license from the Hong Kong Monetary Authority (HKMA), a requirement for stablecoin issuers following recent regulatory changes.

Source: CoinTurk News