Wu Blockchain (@WuBlockchain): Standard Chartered Becomes First Bank to Distribute Hong Kong-Regulated HKDAP Stablecoin

Standard Chartered Becomes First Bank to Distribute Hong Kong-Regulated HKDAP Stablecoin Standard Chartered has become the first bank to distribute one of Hong Kong’s two regulated stablecoins, offering HKDAP, issued by Anchorpoint Financial, to eligible institutional clients and partners. The bank plans to launch tokenized money market fund subscription and settlement services with asset managers in Q4, while also testing HKDAP for intragroup settlement and exploring cross-border payment and treasury-management use cases.