Standard Chartered Becomes First Bank to Offer HKDAP

Standard Chartered becomes first bank to offer HKDAP

Standard Chartered became HKDAP’s first bank distributor and plans tokenized fund settlement services using the stablecoin in Q4.

Standard Chartered becomes first bank to distribute Hong Kong dollar stablecoin

Standard Chartered advances Anchorpoint's Hong Kong dollar stablecoin rollout

Standard Chartered Bank (Hong Kong) said on Monday that it has become the first bank authorized to distribute HKDAP, the city’s first regulated Hong Kong dollar stablecoin.  Asset managers and multinational companies that want blockchain settlement can now explore that option without leaving the banks they already use.  What banks can issue HKDAP?  HKDAP, short for “HKD At Par,” is issued by Anchorpoint Financial and redeems one-for-one for Hong…

Standard Chartered Adds HKDAP as Circulation Hits 522,000

Why Does Bank Distribution Matter For HKDAP? Standard Chartered has become the first bank authorised to distribute HKDAP, giving Hong Kong's first regulated local-currency stablecoin a direct route into institutional banking, corporate treasury and cross-border payment operations. Standard Chartered Bank (Hong Kong) plans to work initially with eligible institutional clients and partners, integrating HKDAP into existing financial operations. Pla…

Standard Chartered Becomes First Bank Distributor of HKDAP

Key Takeaways First Bank Gateway: Standard Chartered becomes an authorised HKDAP distributor. Full-Stack Role: The bank supports issuance, reserves and distribution. Q4 Plans: Tokenized fund settlement and treasury pilots are planned. Institutional Access: Beta use remains limited to eligible clients. Distribution, Not Issuance, Was the Missing Link Anchorpoint appointed Standard Chartered as an authorized distributor of HKDAP following the sta…

Standard Chartered becomes authorised distributor of HKDAP

Standard Chartered Bank (Hong Kong) Limited today announced that it has become an authorised distributor of HKDAP (“HKD At Par”). The post Standard Chartered becomes authorised distributor of HKDAP appeared first on FX News Group.