<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-hong-kong-situation-stablecoin.jpg" alt="Standard Chartered becomes first bank distributor of HKD stablecoin" class="type:primaryImage"></p><p>The bank plans tokenized money market fund settlements in the fourth quarter as HKDAP expands its phased rollout into conventional banking.</p>

Standard Chartered has become the first bank to distribute a Hong Kong Dollar (HKD) stablecoin. The bank plans to implement tokenized money market fund settlements in the fourth quarter as HKDAP continues its phased rollout into conventional banking.

Standard Chartered becomes first bank distributor of HKD stablecoin

The London-based multinational bank with $850 billion in assets announced it will distribute Anchorpoint's HKDAP to eligible clients and partners.

Standard Chartered, a London-based multinational bank with $850 billion in assets, has announced it will distribute Anchorpoint's HKDAP, a Hong Kong dollar stablecoin, to eligible clients and partners, making it the first bank to do so.

Standard Chartered becomes first bank to distribute Hong Kong dollar stablecoin

لقد جعلت ستاندرد تشارترد التاريخ من خلال أن تصبح أول بنك يوزع عملة مستقرة بالدولار هونغ كونغ (HKD) ، والمعروفة باسم HKDAP. تخطط البنك لتنفيذ تسويات صناديق السوق النقدية المرمزة في الربع الرابع ، مما يمثل خطوة مهمة في دمج العملات المستقرة في البنوك التقليدية.

Standard Chartered ha hecho historia al convertirse en el primer banco en distribuir un stablecoin en dólares de Hong Kong (HKD), conocido como HKDAP. El banco planea implementar liquidaciones de fondos del mercado monetario tokenizados en el cuarto trimestre, marcando un paso significativo en la integración de stablecoins en la banca convencional.

Standard Chartered a fait history en devenant le premier banque à distribuer un stablecoin en dollar de Hong Kong (HKD), connu sous le nom de HKDAP. La banque prévoit de mettre en œuvre des règlements de fonds de marché monétaire tokenisés au quatrième trimestre, marquant une étape importante dans l'intégration des stablecoins dans la banque conventionnelle.

Standard Chartered Becomes First Bank Distributor of HKD Stablecoin

Reserve a day

Put your announcement in front of readers tracking global developments.

Standard Chartered Becomes First Bank Distributor of HKD Stablecoin

Reports behind this story

Standard Chartered becomes first bank distributor of HKD stablecoin

Standard Chartered becomes first bank to distribute Hong Kong dollar stablecoin

Explore the WPN directory