Hong Kong conducts first digital asset investment via HKDAP stablecoin
- —HKDAP was used for the first time to subscribe and redeem units of a digital MMF
- —HKDAP issuer is Anchorpoint Financial with Standard Chartered's support
- —The transaction was conducted by Hua Xia Fund, Standard Chartered and OSL Group
Why it matters: The first real use of a licensed Hong Kong stablecoin in investment products strengthens Hong Kong's position as a center for financial tokenization.
Source: Bloomingbit