Update
Solana Foundation Partners with Hong Kong Banks for Stablecoin Launch
The Solana Foundation has signed a strategic agreement with Anchorpoint Financial Limited, a consortium including Standard Chartered Bank (Hong Kong), HKT, and Animoca Brands, to launch the HKDAP stablecoin in Hong Kong. The partnership leverages Solana's infrastructure, which has a total RWA volume of $18.89 billion, with $14.13 billion being stablecoins. The HKDAP stablecoin is pegged to the US dollar and will be fully backed by high-quality liquid reserves, aligning with Hong Kong's Stablecoins Ordinance, which took effect on August 1, 2025.