Anchorpoint Partners with Solana to Expand HKDAP Stablecoin Reach
Standard Chartered-backed Anchorpoint is bringing its regulated HKD stablecoin to the Solana blockchain.
Standard Chartered-backed Anchorpoint is bringing its regulated HKD stablecoin to the Solana blockchain. Solana (SOL) is trading at $95.59, down 0.3% since this brief published. This is an original TLT brief based on reporting by Crypto.news, with live market data added, as of Sat, 31 Oct 2026 07:45:03 UTC.
This partnership aims to expand access to a regulated Hong Kong dollar stablecoin, potentially increasing institutional and retail adoption of digital assets in the region while leveraging Solana's high-speed blockchain infrastructure.
- Anchorpoint partners with Solana Foundation to expand HKDAP stablecoin reach.
- HKDAP will be available on Solana, targeting retail users and institutional adoption.
- Solana's blockchain offers faster transaction speeds and lower costs for stablecoin operations.
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- Anchorpoint Partners with Solana to Expand HKDAP Stablecoin Reach — this brief
- Solana to Launch Regulated Hong Kong Dollar Stablecoin HKDAP
Anchorpoint Financial, a subsidiary of banking giant Standard Chartered, has announced a strategic partnership with the 
Solana Foundation to expand the reach of its regulated Hong Kong dollar stablecoin, HKDAP.
The collaboration will integrate HKDAP with the Solana blockchain, which is known for its high-speed transaction processing and low costs. This integration is expected to enhance the stablecoin's accessibility and efficiency for users.
The announcement, made on October 30, indicates that the partnership is part of Anchorpoint's broader strategy to make HKDAP available to retail users, potentially increasing adoption of digital assets in Hong Kong and beyond.
Solana's blockchain technology is expected to provide a robust platform for HKDAP, offering faster transaction speeds and lower fees compared to traditional financial systems.
In the current market context, with the total crypto market cap at $2.67 trillion and 
Bitcoin experiencing a 1.57% decline in the last 24 hours, Solana's native token SOL is also down 2.35% to $95.86. The broader market sentiment remains in 'Fear' territory with a Fear & Greed index of 30.
Since this brief published about 18 hours ago, Solana (SOL) has moved from $95.86 to $95.59 — -0.28%.
The chart plots SOL's price: grey is the move before this brief published, the vertical dashed line marks the moment it published, the horizontal dashed line is the price then, and the coloured area is the move since — from TLT's market data (daily resolution). It shows what happened after the news, not that the news caused it; many factors move prices. Not financial advice.
At today's peer-to-peer rate, 1 SOL ≈ ₦131,484.05 (about $95.59), down 1.8% over 24 hours. The naira itself trades about 2.2% above the official rate on the P2P market, so a Nigerian buyer's effective cost differs from the headline dollar price.
Live market data
Current prices for the asset in this story — live, source-stamped, updated every 15 minutes.
Anchorpoint Partners with Solana to Expand HKDAP Stablecoin — questions & answers
What is the purpose of the Anchorpoint-Solana partnership?
The partnership aims to expand access to HKDAP by leveraging Solana's blockchain for faster, cheaper transactions.
How will this affect Solana's ecosystem?
The integration of HKDAP could drive more transaction volume and adoption within the Solana ecosystem.
What is the significance of a regulated stablecoin on Solana?
It signifies growing institutional interest in using blockchain for regulated financial products, boosting credibility.
How much is 1 Solana worth in naira today?
About ₦131,484.05 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $95.59. The naira price moves with both SOL's US-dollar price and the USDT/NGN rate; use our Solana in naira page for any amount.
Has Solana's price moved since this brief was published?
SOL is down 0.28% since this brief first published — trading at $95.59 now versus $95.86 at publication. TLT re-checks this figure against CoinGecko and Binance every 15 minutes.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from Crypto.news. It is not a copy of any one article — follow the source links above for the original reporting.
Original summary — not financial advice. This is an original TLT brief that summarises a development reported elsewhere and adds live market data for context; it is not the original article and reproduces no part of it. Follow the source link above for full details. Crypto is volatile and high-risk — always do your own research.