Solana Hong Kong stablecoin deal: Solana Foundation partners with Anchorpoint on HKDAP

30 Oct 2026

30 Oct 2026, 18:44 UTC+01:00

Altcoins TradeReviewed News Desk

Solana is pushing into regulated Hong Kong finance. The Solana Foundation has signed a strategic agreement with Anchorpoint Financial Limited, a licensed stablecoin issuer in Hong Kong, to launch the HKDAP stablecoin for retail payments and tokenized assets, U.Today reports. It is described as Anchorpoint’s first direct collaboration with a public blockchain foundation.

Who is behind HKDAP

Anchorpoint is a consortium of Standard Chartered Bank (Hong Kong), telecom operator HKT and Animoca Brands, and it holds an FRS01 licence from the Hong Kong Monetary Authority (HKMA). Running on Solana is meant to allow instant issuance and redemption, giving retail users and real-world asset (RWA) trading a regulated banking on-ramp.

The deal rests on Hong Kong’s Stablecoins Ordinance, in force since August 1, 2025. Any issuer of a fiat-referenced stablecoin must hold an HKMA licence, fully back the token with high-quality liquid reserves and redeem it at par. Because the Hong Kong dollar is pegged to the US dollar within a 7.75 to 7.85 band, HKDAP is effectively another dollar-linked token, but issued outside direct US regulation. Mainland China, by contrast, still bans crypto transactions and tests the digital yuan only in state-run pilot zones.

Solana’s stablecoin numbers

According to rwa.xyz data as of October 30, 2026, cited in the report, total RWA value on Solana is $18.89 billion. About $14.13 billion of that, roughly 75%, is stablecoins, with $370.94 billion in monthly transfer volume across 13.56 million addresses. The Solana Foundation is also joining Hong Kong’s OASES government programme, opening a local office and rolling out a TAP tokenization programme with PwC.

What it means for traders

• Bank-backed stablecoins on Solana add to the network’s real usage story, which matters more for SOL’s medium-term narrative than for short-term price moves.
• Asia-focused stablecoin and RWA news can drive rotation into SOL ecosystem tokens; watch liquidity and spreads before chasing.
• If you trade SOL, compare spot and futures fees in our exchange comparison and read our BingX review (number 1) and OKX review (number 2).

This is not financial advice.

Sources

• U.Today: Solana (SOL) Moves In on Hong Kong Banks to Scale Its $14 Billion Stablecoin Market

Follow TradeReviewed on X and our Telegram channel: you hear crypto and trading news here first.

Related reviews

• Bingx review
• Okx review

Sources

• U.Today: Solana (SOL) Moves In on Hong Kong Banks to Scale Its $14 Billion Stablecoin Market

News is for information only and is not financial advice. More crypto news