China Asset Management (Hong Kong) and Standard Chartered Complete Hong Kong's First HKDAP Digital Asset Investment Use Case

China Asset Management (Hong Kong) said it has completed Hong Kong's first use case for investing in digital assets with the Hong Kong dollar stablecoin HKDAP, together with Standard Chartered Bank and others. According to Odaily, the company said the case shows how a regulated Hong Kong dollar stablecoin can work with digital financial assets under compliance and regulatory frameworks to provide investors with more diversified investment options. HKDAP is a Hong Kong dollar stablecoin established by Standard Chartered Bank (Hong Kong) and issued by licensed Hong Kong stablecoin issuer Anchorpoint Financial.