Anchorpoint launches Hong Kong dollar stablecoin HKDAP on Solana in first public network collaboration.
DeFi & Yields ·
Anchorpoint Financial has launched HKDAP, a Hong Kong dollar stablecoin, on the Solana network in what the company describes as its first public network collaboration. The move marks the expansion of Anchorpoint's stablecoin offerings into the Solana ecosystem, following its receipt of a stablecoin license from Hong Kong regulators in April 2026.
Hong Kong has established itself as a regulated hub for digital assets, combining mandatory licensing for crypto exchanges with a purpose-built stablecoin law and active promotion of Web3 infrastructure. The city's regulatory framework, overseen by the Securities and Futures Commission and Hong Kong Monetary Authority, treats crypto as a legal but tightly supervised financial activity. Anchorpoint was among the first entities to receive explicit stablecoin licensing from Hong Kong authorities, positioning the jurisdiction as one of Asia's most closely watched crypto laboratories.
Details remain unclear on the specific terms of Anchorpoint's collaboration with Solana, whether additional blockchain networks will host HKDAP, and how the stablecoin will be collateralized or redeemed. The announcement does not specify whether the launch targets institutional or retail users, or what transaction volumes or adoption milestones Anchorpoint has set for the token on Solana.