Standard Chartered Turns Into First Bank to Distribute HKD Stablecoin

Standard Chartered Becomes First Bank to Distribute HKDAP Stablecoin

Standard Chartered Bank (Hong Kong) Limited (SCBHK) has become the first bank distributor of HKDAP, the Hong Kong dollar-backed stablecoin issued by Anchorpoint Financial. The bank is now actively engaging with eligible institutional clients and partners to use the token in their business activities. The bank’s initial use cases span plans tokenised money market fund subscriptions, intragroup settlement activities to facilitate treasury and liqu…

Standard Chartered Turns Into First Bank to Distribute HKD Stablecoin

Standard Chartered Bank (Hong Kong) (SCBHK) says it has become the first authorized bank to distribute HKDAP, a regulated Hong Kong dollar-backed stablecoin issued by Anchorpoint Financial. In a press release issued Monday, SCBHK stated that it is beginning discussions with eligible institutional clients and partners on potential use cases. These include tokenized fund settlements, treasury operations and cross-border payments, rolled out in pha…

Standard Chartered Becomes First Bank to Distribute Hong Kong Stablecoin

Standard Chartered has become the first bank authorized to distribute HKDAP, a regulated Hong Kong dollar-backed stablecoin issued by Anchorpoint Financial, marking a significant step in the integration of blockchain-based money with traditional banking infrastructure. The announcement places one of the world’s major international banks directly at the center of Hong Kong’s emerging regulated stablecoin […] The post Standard Chartered Becomes Fi…