Solana News: Will HKDAP Bring Hong Kong Dollar Stablecoin to Solana?
HKDAP Stablecoin Heads Toward a New Blockchain Network
Anchorpoint, a Hong Kong-licensed stablecoin issuer, has announced a strategic collaboration with the Solana Foundation to bring HKDAP, its regulated Hong Kong dollar token, onto the Solana blockchain.
The Oct 30, 2026 announcement covers retail payments, tokenized real-world asset trading, and other high-volume uses. This Solana News report sets out what was confirmed, what remains planned, and how the market looked afterwards.
Solana News: Scope of the Anchorpoint Collaboration
According to the joint press release, Anchorpoint plans to support native minting and redemption of HKDAP, with near-instant settlement. The token is meant to reach wallets, applications, and developers already active on the network.
Both sides also plan to offer access to HKDAP and related tokenized products through corporate partners and consumer apps.
The network’s official X account posted about the plan on Oct 30, 2026, calling it HKDAP’s first collaboration with a public network.
A follow-up post in the same thread called the agreement an MOU that opens a regulated route for global capital into Hong Kong dollar payments, products, and tokenized assets.
Source: Official X Post
Key Facts From the Oct 30 Release
The table below summarises the confirmed points from the release.
Item | Detail |
Issuer | Anchorpoint Financial Limited |
License | FRS01, granted by the Hong Kong Monetary Authority in April 2026 |
Backers | Standard Chartered Bank (Hong Kong), HKT and Animoca Brands |
Planned features | Native minting, redemption, and near-instant settlement |
Current status | Planned; no launch date has been shared |
The wording matters for this Solana News item. The release uses terms such as “plans” and “explore”, so readers should treat the expansion as an intention rather than a live product.
Why Native Minting and Fast Settlement Matter
Native minting means a stablecoin is issued and redeemed directly on a blockchain instead of arriving as a bridged copy. For payments, quick settlement shortens the wait for funds.
The release also points to existing activity as context:
Around US$4.9 billion in tokenized real-world assets supported by the network
More than 835,000 holders of those assets
A Samsung Wallet collaboration, cited as a sign of reach into consumer channels
Program Membership and Hong Kong Presence
The Foundation will join the Tokenized Money Adoption Program as a strategic partner, following the earlier addition of PwC. The step builds on its induction into the OASES program and a planned local office in the city.
Lu Yin, Head of APAC at the Foundation, said HKDAP could make Hong Kong dollar value more useful across real-world cases.
Dominic Maffei, chief executive and co-founder of Anchorpoint, said the goal is an open network that connects ecosystems instead of fragmenting them.
SOL Price Snapshot on October 31
Market data for this Solana News report shows SOL near $96 on Oct 31, 2026, a small daily dip rather than a sharp move.
Metric | Value |
Price | $96.18 |
24-hour change | -0.6% |
Market cap | $56.75B |
24-hour volume | $3.41B (down 43.41%) |
Rank | #7 |
Circulating supply | 590.03M SOL |
Source: CoinMarketCap Chart
Note: Prices can change quickly, so figures may not reflect the latest value. Readers should check a live price tracker for current data.
Kamino Update and What to Watch Next
Another Solana news item came from lending protocol Kamino. In a post dated Oct 30, 2026, it said borrowing had resumed in its SOL/BTC market. The team found no immediate risk during the pause, and deposits, withdrawals, and repayments kept processing normally.
For anyone following crypto news today, the HKDAP plan is the larger development. Several details are still open: the launch timing, the wallet and application partners, and the pace of the planned local office.
Until those arrive, this Solana News story remains one of intent backed by a licensed issuer.
YMYL Disclaimer: This article is for informational and educational purposes only and should not be taken as financial or investment advice. Crypto markets are volatile, and details such as plans or figures mentioned here can change over time. Readers should do their own research before making any decisions based on this content.
