Khalil_124

#hkcompletesfirsthkdstablecoinusecase Key Highlights of the Transaction The Asset: $HKDA P is an $HKD.US -referenced stablecoin issued by Anchorpoint Financial, a joint venture backed by Standard Chartered Bank (Hong Kong), HKT, and Animoca Brands. Anchorpoint was granted one of Hong Kong's very first stablecoin licenses by the Hong Kong Monetary Authority (HKMA) under the city's new Stablecoins Ordinance. The Use Case: Investors utilized HKDAP via trading accounts on the licensed OSL HK exchange to seamlessly handle subscriptions and redemptions for units in ChinaAMC’s Digital Currency Money Market Fund. Standard Chartered served as the custodian for the pilot. $ Regulatory Milestone: This milestone bridges the gap between traditional finance (TradFi) and decentralized infrastructure. It provides a blueprint for how fully compliant, regulated stablecoins can be legally integrated into programmable finance and tokenized asset settlements under Hong Kong's strict regulatory guardrails.