Huaxia Fund Hong Kong completed its first investment in the Hong Kong dollar stablecoin HKDAP for digital asset use cases

Huaxia Fund (Hong Kong) announced the completion of Hong Kong's first case of investing in digital assets with the Hong Kong dollar stablecoin HKDAP, in collaboration with Standard Chartered Bank and others. This demonstrates how regulated Hong Kong dollar stablecoins can interact with digital financial assets under a compliant and regulatory framework, providing investors with more diversified investment options.

HKDAP is a Hong Kong dollar stablecoin established under the leadership of Standard Chartered Bank (Hong Kong) and issued by the licensed stablecoin issuer Anchor Financial.