Standard Chartered Hong Kong: Will Announce Issuance of HKD Stablecoin HKDAP Within August and Sign Distributors

TechFlow news, August 03, according to HK01, Standard Chartered Hong Kong CEO and Greater China and North Asia CEO Huen Wai-yee previewed that an announcement regarding the official launch of the HKD stablecoin HKDAP will be made within August, and distributors will also be signed. Its subsidiary AnchorX, as the stablecoin issuer, will not directly interface with end-users, but will instead distribute through designated approved distributors for application among its related corporate and institutional client groups, including SMEs, traders, service providers, fund companies, and even individual users, for cross-border settlement; other application scenarios also include tokenized assets.