Solana Foundation Partners with Standard Chartered-Backed Firm for HKD Stablecoin
Solana Foundation and Anchorpoint Financial, backed by Standard Chartered, have signed a deal to develop a Hong Kong dollar-backed stablecoin.
Solana Foundation and Anchorpoint Financial, backed by Standard Chartered, have signed a deal to develop a Hong Kong dollar-backed stablecoin. Solana (SOL) is trading at $93.75, down 0.3% since this brief published. This is an original TLT brief based on reporting by The Coin Republic, with live market data added, as of Mon, 02 Nov 2026 13:30:05 UTC.
This partnership could accelerate the adoption of blockchain-based financial services in Hong Kong by integrating traditional banking with decentralized infrastructure. The stablecoin aims to support both retail payments and tokenized asset settlement, potentially increasing the use of digital assets in mainstream finance.
- Solana Foundation partners with Anchorpoint Financial for HKD-backed stablecoin.
- Anchorpoint Financial is backed by banking giant Standard Chartered.
- Stablecoin aims to facilitate retail payments and tokenized asset settlement.
- SOL price down 1.29% in 24 hours amid flat market conditions.
- Standard Chartered-Backed Anchorpoint Delays Retail Stablecoin Plans
- Anchorpoint Partners with Solana to Expand HKDAP Stablecoin Reach
- Solana to Launch Regulated Hong Kong Dollar Stablecoin HKDAP
- Polygon Expands Open Money Stack to Solana for Stablecoin Payments
- Tether-Backed FASE Foundation Launches to Combat Crypto Scams
- Polygon Expands Stablecoin Access to US Banking for Solana Ecosystem
- Solana Foundation Partners with Standard Chartered-Backed Firm for HKD Stablecoin — this brief
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Solana Foundation has entered into a strategic partnership with Anchorpoint Financial, a subsidiary of banking giant Standard Chartered, to develop a Hong Kong dollar-backed stablecoin. The agreement was formalized through a memorandum of understanding between the two entities.
The stablecoin, named HKDAP, is designed to facilitate retail payments and the settlement of tokenized assets on the Solana blockchain. This development marks a significant step in integrating traditional banking services with decentralized finance (DeFi) infrastructure.
Anchorpoint Financial, being backed by Standard Chartered, brings a strong banking pedigree to the partnership. This could lend credibility and regulatory compliance to the stablecoin project, which is crucial for its adoption and success in the financial sector.
The announcement comes at a time when Hong Kong is actively working on establishing itself as a crypto-friendly jurisdiction. The stablecoin could play a pivotal role in the region's digital economy by providing a reliable bridge between traditional and digital financial systems.
In the current market context, Solana's native token SOL is trading at $94.01, down 1.29% in the past 24 hours and 7.24% over the last week. The overall crypto market remains relatively flat, with a total market cap of $2.68 trillion and a Fear & Greed Index of 37, indicating a 'Fear' sentiment.
Since this brief published about 2 hours ago, Solana (SOL) has moved from $94.01 to $93.75 — -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 ≈ ₦129,115.78 (about $93.75), down 1.2% over 24 hours. The naira itself trades about 2.1% 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.
Figures and sectors in this story, checked live against on-chain aggregators · November 2, 2026.
TLT reads these figures directly from on-chain aggregators (DeFiLlama, mempool.space) at build time — independent of what any outlet reported. Sector totals aggregate every protocol DeFiLlama tracks in that category. Values are live and will change.
Solana Foundation Partners with Standard Chartered-Backed Fi — questions & answers
What is the purpose of the HKDAP stablecoin?
HKDAP aims to facilitate retail payments and tokenized asset settlement on the Solana blockchain.
Who is Anchorpoint Financial?
Anchorpoint Financial is a subsidiary of Standard Chartered, a major global banking group.
How will this partnership impact Solana?
The partnership could increase Solana's adoption in mainstream finance by integrating traditional banking services with its blockchain.
How much is 1 Solana worth in naira today?
About ₦129,115.78 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $93.75. 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 $93.75 now versus $94.01 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 The Coin Republic. 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.