Standard Chartered-backed Anchorpoint Financial has partnered with the Solana Foundation to bring its regulated Hong Kong dollar stablecoin, HKDAP, to the Solana blockchain. The agreement, announced on October 30, focuses on enabling native minting and redemption of HKDAP on Solana, alongside support for retail payments, tokenized asset trading, and other transactions requiring fast settlement.
Anchorpoint plans to work with Solana’s network of wallets, applications, and corporate partners to expand access to HKDAP, although no retail launch date has been announced. The Solana Foundation will also join Anchorpoint’s Tokenised Money Adoption Programme as a strategic partner, following PwC’s participation. Solana’s existing activity in tokenized finance was cited: approximately $4.9 billion in tokenized real-world assets and more than 835,000 RWA holders on the network.
Lu Yin, head of APAC at the Solana Foundation, said the collaboration could make Hong Kong dollar-denominated digital money more accessible through consumer-facing applications. Anchorpoint CEO Dominic Maffei described the initiative as part of an “open network designed to connect ecosystems, not fragment them.”
Anchorpoint received its stablecoin issuer license from the Hong Kong Monetary Authority in April 2026 under the city’s Stablecoins Ordinance. It is a joint venture of Standard Chartered Bank (Hong Kong), HKT, and Animoca Brands, and has been operating HKDAP through an institutional beta since August 2026. HashKey Exchange participated as an authorized distributor during the initial rollout, while Standard Chartered later became the first bank distributor. The collaboration follows HSBC’s introduction of its Hong Kong dollar-backed RedCoin stablecoin through PayMe, underscoring Hong Kong’s shift from institutional stablecoin applications toward retail payments.
