1 month ago
5
Key Takeaways
- First Bank Gateway: Standard Chartered becomes an authorised HKDAP distributor.
- Full-Stack Role: The bank supports issuance, reserves and distribution.
- Q4 Plans: Tokenized fund settlement and treasury pilots are planned.
- Institutional Access: Beta use remains limited to eligible clients.
Distribution, Not Issuance, Was the Missing Link
Anchorpoint appointed Standard Chartered as an authorized distributor of HKDAP following the stablecoin’s Beta Access launch on August 12. While crypto-native exchanges HashKey and OSL were the first to distribute the token, Standard Chartered gives HKDAP its first direct channel into mainstream commercial banking.
A regulated stablecoin on Ethereum means very little if corporate treasurers can’t interact with it inside their daily workflow. A crypto exchange requires separate onboarding, liquidity management, and compliance stacks...
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