Standard Chartered to Issue HKDAP Stablecoin via B2B2C Distribution Model

Standard Chartered HK plans to launch HKDAP stablecoin through subsidiary Dingdian Financial. The B2B2C model targets institutional clients for cross-border settlement and tokenized assets.

Woofun AI reports that Standard Chartered Hong Kong CEO Mary Huen confirmed an upcoming official announcement regarding the issuance of the HKDAP stablecoin. A distribution agreement will be executed with subsidiary Dingdian Financial serving as the issuer, utilizing a B2B2C framework. The stablecoin will not engage directly with end users but will reach corporate and institutional clients, including SMEs, traders, and fund companies, via recognized distributors for cross-border settlement and tokenized asset applications.