Solana Partners with Anchorpoint to Launch HKDAP Stablecoin in Hong Kong
Solana Foundation collaborates with regulated issuer Anchorpoint Financial to enable HKDAP stablecoin issuance on its network.
Solana Foundation collaborates with regulated issuer Anchorpoint Financial to enable HKDAP stablecoin issuance on its network. Solana (SOL) is trading at ₹8,983 ($94.27). This is an original Token Times brief based on reporting by Crypto Economy, with live market data added, as of Fri, 30 Oct 2026 19:00:01 UTC.
This partnership positions Solana to tap into Hong Kong's regulated stablecoin market, estimated at $14 billion, leveraging the city's growing crypto-friendly regulatory environment. It also strengthens Solana's presence in the Asia-Pacific region.
- Solana partners with HKMA-regulated Anchorpoint Financial.
- HKDAP stablecoin to be natively issued and redeemed on Solana.
- Hong Kong's stablecoin market is valued at $14 billion.
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- Solana Partners with Anchorpoint to Launch HKDAP Stablecoin in Hong Kong — this brief
The 
Solana Foundation has announced a strategic partnership with Anchorpoint Financial, a financial institution regulated by the Hong Kong Monetary Authority (HKMA) and backed by Standard Chartered.
This collaboration will facilitate the native issuance and redemption of the HKDAP stablecoin on the Solana Layer 1 network. The move is part of Solana's broader strategy to expand its presence in the Asia-Pacific region.
Anchorpoint Financial, being regulated by the HKMA, brings a level of regulatory compliance and institutional credibility to the partnership. This is particularly significant given Hong Kong's recent efforts to establish itself as a crypto-friendly financial hub.
The partnership comes at a time when the total cryptocurrency market cap stands at $2.66 trillion, though the market is currently experiencing a downturn with 
Bitcoin down 4.56% in the last 24 hours. The Fear & Greed Index is at 30, indicating a state of fear in the market.
Solana's native token, SOL, is currently priced at $94.27, having dropped 6.64% in the past day and 9.81% over the last week. The market cap of SOL is $55.6 billion.
Since this brief published about 57 minutes ago, Solana (SOL) has moved from ₹8,983.19$94.27 to ₹8,983.19$94.27 — +0.00%.
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 Token Times's market data (daily resolution; intraday detail builds over the first day). 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 ≈ ₹9,468.95 (about $94.27), down 6.3% over 24 hours. The rupee itself trades about 5.4% above the official rate on the P2P market, so a Indian 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.
Solana Partners with Anchorpoint to Launch HKDAP Stablecoin — questions & answers
What is the value of Hong Kong's stablecoin market?
The stablecoin market in Hong Kong is estimated to be worth $14 billion.
Who is Anchorpoint Financial backed by?
Anchorpoint Financial is backed by Standard Chartered.
What is the current market sentiment for crypto?
The market is in a state of fear with a Fear & Greed Index of 30.
How much is 1 Solana worth in rupee today?
About ₹9,468.95 at the live peer-to-peer (P2P) USDT rate, which is what Indians typically trade at — equivalent to roughly $94.27. The rupee price moves with both SOL's US-dollar price and the USDT/INR rate; use our Solana in rupee page for any amount.
Which outlets reported this story?
This is an original Token Times brief that synthesises reporting from Crypto Economy. 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 Token Times 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.