Episode Details

Standard Chartered Bank in Hong Kong just made history by becoming the first bank to distribute a regulated HKD stablecoin, HKDAP — a major leap bridging traditional finance and digital assets. Rolled out in phases to institutional clients, it’s already set for tokenized fund settlements, treasury ops, and cross-border payments, with plans to expand to global internal settlements and asset manager subscriptions later this year. Backed by Hong Kong’s new stablecoin rules and a joint venture with HKT and Animoca Brands, this move signals wider adoption as banks embrace Web3 through trusted, regulated channels.

Listen in comfort:
Get a discount on a Soli Pillow: http://solipillow.com/discount/dnn.

Advertise on DNN:
advertise@thednn.ai

This is an automated, high-level news summary based on public reporting.
Report issues to feedback@thednn.ai.

View sources & latest updates:
https://sources.thednn.ai/a4d815fcd5ce1e7c