🏦 Standard Chartered just became the first bank to distribute HKDAP.
Standard Chartered Hong Kong has started distributing HKDAP, giving eligible institutional clients access to a regulated Hong Kong dollar stablecoin.
HKDAP is issued by Anchorpoint Financial under Hong Kong’s HKMA stablecoin framework, with Standard Chartered as its largest shareholder.
Some key numbers:
⚡ 1 HKD target value
⚡ Ethereum-based
⚡ 522K HKDAP in circulation as of August 19
⚡ Access currently limited to institutions, corporates and professional investors
And this is where things get interesting.
Standard Chartered is also planning to offer tokenized money-market fund subscription and settlement services in Q4.
Potential use cases include:
⚡ Cross-border payments
⚡ Corporate treasury management
⚡ Tokenized fund settlement
Basically:
Banks are slowly moving from “crypto is risky” to “let’s put the banking rails on-chain.” 💀
Hong Kong may be turning into one of the most interesting testing grounds for regulated stablecoins.
Mình hỏi thật: stablecoins do ngân hàng phân phối có phải bước tiếp theo để TradFi đi on-chain không? 👀
#stablecoin #HongKong #Ethereum #RWA #crypto
Standard Chartered Hong Kong has started distributing HKDAP, giving eligible institutional clients access to a regulated Hong Kong dollar stablecoin.
HKDAP is issued by Anchorpoint Financial under Hong Kong’s HKMA stablecoin framework, with Standard Chartered as its largest shareholder.
Some key numbers:
⚡ 1 HKD target value
⚡ Ethereum-based
⚡ 522K HKDAP in circulation as of August 19
⚡ Access currently limited to institutions, corporates and professional investors
And this is where things get interesting.
Standard Chartered is also planning to offer tokenized money-market fund subscription and settlement services in Q4.
Potential use cases include:
⚡ Cross-border payments
⚡ Corporate treasury management
⚡ Tokenized fund settlement
Basically:
Banks are slowly moving from “crypto is risky” to “let’s put the banking rails on-chain.” 💀
Hong Kong may be turning into one of the most interesting testing grounds for regulated stablecoins.
Mình hỏi thật: stablecoins do ngân hàng phân phối có phải bước tiếp theo để TradFi đi on-chain không? 👀
#stablecoin #HongKong #Ethereum #RWA #crypto
