Standard Chartered to Launch HKDAP Stablecoin in August via B2B2C Model

Standard Chartered plans to issue HKDAP stablecoin this August through a B2B2C framework, targeting corporate clients for cross-border settlements and asset tokenization.

Woofun AI reports that Standard Chartered Hong Kong intends to formally announce the issuance of the Hong Kong dollar stablecoin HKDAP within August. The bank will appoint distributors to facilitate the launch.

Dingdian Finance, acting as the issuer, will utilize a B2B2C model to avoid direct engagement with end-users. The stablecoin will be distributed via approved partners to corporate and institutional clients, including SMEs, traders, and fund companies, primarily for cross-border settlements and asset tokenization.