BREAKING 🚨: Hong Kong's regulated HKD stablecoin coming to Solana!
Anchorpoint Technologies - the licensed issuer backed by *Standard Chartered + Hong Kong Telecom + Animoca Brands* - will launch *HKDAP* natively on Solana.
This is FIRST time HKDAP partners with a public blockchain!
What we know today (Oct 30):
Native minting & redemption directly on Solana - no bridge needed
Issued by Anchorpoint - HKMA License FRS01 (licensed April 10, 2026)
Currently in beta on Ethereum only for corporates - 103.1M HKDAP in circulation
Use cases: Retail payments, tokenized assets, RWA trading, cross-border settlement
Why Solana?
MOU signed today - Solana Foundation joins Anchorpoint's Tokenised Money Adoption Programme as strategic partner alongside PwC. Goal: Regulated pathway for global capital to access HKD payments, products & tokenized assets.
The Race:
- HSBC's RedCoin (FRS02) launched Oct 23 on PayMe - 80M in circulation, 3.3M users
- Anchorpoint's HKDAP still in institutional beta, retail launch targeted end of 2026
- Solana deal = Anchorpoint wants to WIN retail + DeFi + consumer apps
HKD stablecoin war is officially on - and Solana just became the battlefield.
Solana for USD stablecoins, now for HKD stablecoins. Asia's payment future?
#HKDAP #sol #HongKong
#EarningsSeason $SOL
#HKDollarStablecoinHKDAPToLaunchOnSolana
Anchorpoint Technologies - the licensed issuer backed by *Standard Chartered + Hong Kong Telecom + Animoca Brands* - will launch *HKDAP* natively on Solana.
This is FIRST time HKDAP partners with a public blockchain!
What we know today (Oct 30):
Native minting & redemption directly on Solana - no bridge needed
Issued by Anchorpoint - HKMA License FRS01 (licensed April 10, 2026)
Currently in beta on Ethereum only for corporates - 103.1M HKDAP in circulation
Use cases: Retail payments, tokenized assets, RWA trading, cross-border settlement
Why Solana?
MOU signed today - Solana Foundation joins Anchorpoint's Tokenised Money Adoption Programme as strategic partner alongside PwC. Goal: Regulated pathway for global capital to access HKD payments, products & tokenized assets.
The Race:
- HSBC's RedCoin (FRS02) launched Oct 23 on PayMe - 80M in circulation, 3.3M users
- Anchorpoint's HKDAP still in institutional beta, retail launch targeted end of 2026
- Solana deal = Anchorpoint wants to WIN retail + DeFi + consumer apps
HKD stablecoin war is officially on - and Solana just became the battlefield.
Solana for USD stablecoins, now for HKD stablecoins. Asia's payment future?
#HKDAP #sol #HongKong
#EarningsSeason $SOL
#HKDollarStablecoinHKDAPToLaunchOnSolana