Anchorpoint explores HKDAP integration with Solana

Anchorpoint Financial is exploring a connection that would allow its Hong Kong dollar stablecoin, HKDAP, to be issued and redeemed natively on the Solana blockchain, but the service is not yet live and no deployment date has been set. The company said its collaboration with the Solana Foundation is intended to assess the expansion and support potential uses including payments and trading or settlement involving tokenized assets. Some descriptions of the agreement have presented it as a planned launch, but Anchorpoint’s account characterizes the work as under consideration. The company has not confirmed that the integration will proceed. Anchorpoint’s FAQ identifies Ethereum mainnet as the supported network during HKDAP’s current beta phase, which is limited to corporates and professional investors. The FAQ also says users obtain and convert the stablecoin through authorized distributors, and transfers to unverified wallet addresses are rejected by the smart contract. The Solana Foundation is also expected to join Anchorpoint’s Tokenised Money Adoption Programme as a strategic partner, following PwC Hong Kong. Anchorpoint describes the programme as supporting education,...