Solana to Host Native Issuance of Hong Kong Dollar Stablecoin HKDAP
A new partnership will enable direct blockchain issuance and redemption of HKDAP on the Solana network for payments and asset settlement.
A new partnership will enable direct blockchain issuance and redemption of HKDAP on the Solana network for payments and asset settlement. Solana (SOL) is trading at $94.30. This is an original TLT brief synthesising 2 outlets (The Cryptonomist, NewsBTC), plus live market data, as of Mon, 02 Nov 2026 15:30:04 UTC.
This development marks a significant step in integrating regulated stablecoins into blockchain-based payment systems, potentially enhancing transaction efficiency and expanding the use of digital currencies in Hong Kong's financial ecosystem.
- HKDAP stablecoin to be natively issued on Solana blockchain.
- Partnership involves Standard Chartered-backed Anchorpoint Financial.
- HKMA's EnsembleTX platform supports 24/7 real-value transactions.
- Solana's market cap stands at $55.65B amid flat market conditions.
The Cryptonomist and NewsBTC both report that the Hong Kong dollar stablecoin HKDAP will be natively issued on the Solana blockchain through a partnership with Standard Chartered-backed Anchorpoint Financial. They agree that this move aims to facilitate retail payments and tokenized asset settlement. However, only NewsBTC mentions that the Hong Kong Monetary Authority's EnsembleTX platform now supports 24/7 real-value transactions, suggesting a broader regulatory framework for stablecoin adoption.
- HSBC Introduces RedCoin Stablecoin for PayMe Users in Hong Kong
- 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
- Polygon Expands Stablecoin Access to US Banking for Solana Ecosystem
- Solana Foundation Partners with Standard Chartered-Backed Firm for HKD Stablecoin
- Solana to Host Native Issuance of Hong Kong Dollar Stablecoin HKDAP — this brief
A new partnership between the 
Solana Foundation and Anchorpoint Financial, which is backed by Standard Chartered, will enable the native issuance and redemption of the Hong Kong dollar stablecoin HKDAP on the Solana blockchain. This development, announced on October 30, 2026, is designed to support retail payments and the settlement of tokenized assets.
The integration of HKDAP into the Solana network is part of a broader effort to leverage blockchain technology for more efficient financial transactions. The stablecoin will be directly issued and redeemed on the blockchain, which could streamline processes and reduce costs associated with traditional financial systems.
According to NewsBTC, the Hong Kong Monetary Authority (HKMA) has confirmed that EnsembleTX, a platform for tokenized assets, now supports round-the-clock real-value transactions. This development indicates a growing regulatory acceptance of stablecoins and their potential use in mainstream financial activities.
The Solana blockchain, known for its high-speed and low-cost transactions, is well-positioned to support the operational needs of a stablecoin like HKDAP. As of the latest data, Solana's native token SOL is priced at $94.28, with a 24-hour decrease of 0.67% and a 7-day decline of 7.06%, reflecting a broader market trend of consolidation.
The total cryptocurrency market cap remains at $2.68 trillion, with the overall market showing a flat trend. The Fear & Greed Index stands at 37, indicating a 'Fear' sentiment among investors. This context suggests that while the market is cautious, developments like the HKDAP integration could signal future growth and innovation in the stablecoin sector.
Since this brief published about 3 hours ago, Solana (SOL) has moved from $94.28 to $94.30 — +0.02%.
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 ≈ ₦129,874.2 (about $94.30), down 0.7% 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 to Host Native Issuance of Hong Kong Dollar Stablecoi — questions & answers
What is the purpose of issuing HKDAP on Solana?
The issuance aims to facilitate retail payments and the settlement of tokenized assets using a regulated stablecoin.
Who is involved in the HKDAP-Solana partnership?
The partnership involves the Solana Foundation and Anchorpoint Financial, which is backed by Standard Chartered.
How does this affect the broader stablecoin market?
This development indicates growing regulatory acceptance and potential for stablecoins in mainstream financial transactions.
How much is 1 Solana worth in naira today?
About ₦129,874.2 at the live peer-to-peer (P2P) USDT rate, which is what Nigerians typically trade at — equivalent to roughly $94.30. 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.
Which outlets reported this story?
This is an original TLT brief that synthesises reporting from The Cryptonomist, NewsBTC, with the key figures cross-checked for agreement across them. 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.