Solana announced a partnership with Anchorpoint to bring the Hong Kong‑dollar stablecoin HKDAP onto its blockchain. The collaboration, disclosed on October 30, will allow Anchorpoint to issue and redeem HKDAP directly on Solana, targeting retail payment use‑cases and the transfer of tokenized financial assets. According to the Solana Foundation, the move follows its recent tokenized‑stock rollout and aims to leverage Solana’s high‑speed wallet infrastructure for broader adoption.

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Native Issuance and Settlement

Under the agreement, Anchorpoint will handle the creation and redemption of HKDAP tokens on Solana, providing near‑instant settlement for both payments and tokenized‑asset transactions. While the stablecoin already operates on Ethereum in a limited beta for institutional users, the Solana integration is intended to extend access to retail customers once Anchorpoint completes its final preparations. The Solana Foundation estimates roughly $4.9 billion in tokenized assets on its network, with over 835,000 holders of real‑world asset tokens.

Regulatory Backing and Partnerships

Anchorpoint secured a stablecoin issuer licence from the Hong Kong Monetary Authority in April 2026. The company is a joint venture involving Standard Chartered, HKT and Animoca Brands, and currently distributes HKDAP through partners such as HashKey, OSL and Standard Chartered Hong Kong. By moving HKDAP to a public blockchain, Anchorpoint differentiates its approach from HSBC’s private‑chain RedCoin stablecoin launched via PayMe earlier this month.

Strategic Alignment with Solana’s Ecosystem

Beyond the technical integration, the Solana Foundation will join Anchorpoint’s Tokenised Money Adoption Programme as a strategic partner, alongside PwC Hong Hong Kong. The programme focuses on research, education and industry collaboration to foster tokenised‑money use cases. Solana’s Asia‑Pacific head, Lu Yin, highlighted payments and tokenised financial products as key application areas, and the foundation plans to establish a local presence in Hong Kong as part of its broader ecosystem strategy.

What to Watch Next

Stakeholders should monitor the timeline for HKDAP’s retail rollout on Solana, as the announcement did not specify a launch date. Additional developments may include integration with Solana‑based wallets and payment apps, as well as potential collaborations with other Hong Kong financial institutions seeking public‑blockchain solutions.