HKDAP has reached a fund transaction. I'm keeping the 24/7 milestone separate.
A September 18 announcement published by OSL says HKDAP, Anchorpoint's HKD stablecoin, was used to subscribe to and redeem ChinaAMC (HK) digital money market fund units.
OSL HK handled the transaction services. Standard Chartered provided custody and tokenisation services.
The detail I care about: the release describes round-the-clock fund trading as a future step. Completing this use case doesn't establish that investors already have unrestricted weekend subscriptions and redemptions.
For me, the next useful update would specify operating hours, who can access the service and when redemptions actually settle. Digital money and a fund's operating timetable need to work together.
Which would matter most for assessing this service: A) access rules, B) redemption timing, or C) weekend availability - and why?
#Stablecoins #Tokenization
A September 18 announcement published by OSL says HKDAP, Anchorpoint's HKD stablecoin, was used to subscribe to and redeem ChinaAMC (HK) digital money market fund units.
OSL HK handled the transaction services. Standard Chartered provided custody and tokenisation services.
The detail I care about: the release describes round-the-clock fund trading as a future step. Completing this use case doesn't establish that investors already have unrestricted weekend subscriptions and redemptions.
For me, the next useful update would specify operating hours, who can access the service and when redemptions actually settle. Digital money and a fund's operating timetable need to work together.
Which would matter most for assessing this service: A) access rules, B) redemption timing, or C) weekend availability - and why?
#Stablecoins #Tokenization
