STABLECOINS | Standard Chartered Becomes First Bank to Distribute a Regulated Hong Kong Stablecoin
Standard Chartered Bank Hong Kong has become the first bank authorised to distribute HKDAP, a regulated Hong Kong dollar-backed stablecoin issued by Anchorpoint Financial, expanding the token’s rollout into conventional banking. The bank is initially working with eligible institutional clients on use cases including: tokenised fund settlement, treasury management, and cross-border payments. Standard Chartered plans to introduce HKDAP-based subscriptions and settlements for tokenised money-market funds with local and international asset managers in the fourth quarter, while also exploring intragroup settlements […]
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- 2026-08-26 02:01 UTC
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- 2026-08-26 02:02 UTC
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- STABLECOINS | Standard Chartered Becomes First Bank to Distribute a Regulated Hong Kong Stablecoin
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Reviewed BitKE reporting on Payments and Tokenisation matters for Cross-border payments and Stablecoin payments readers.
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BitKE reported the item at 2026-08-25T13:00:04.000Z.
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