Hong Kong Dollar Stablecoin HKDAP to Launch on Solana With Native Minting and Redemption

HKDAP, a Hong Kong dollar stablecoin, will launch on Solana with native minting and redemption. According to ChainCatcher, Solana said on X that Anchorpoint Financial Technology, a licensed Hong Kong stablecoin issuer established by Standard Chartered, HKT and Animoca Brands, is bringing HKDAP to the blockchain in its first public-chain collaboration. The companies signed a memorandum of understanding covering HKD payments, products and tokenized assets. The Solana Foundation will join Anchorpoint’s Tokenised Money Adoption Programme as a strategic partner, alongside PwC.