According to Ming Pao, Standard Chartered Bank has become the first bank to distribute the Hong Kong-regulated HKD stablecoin, HKDAP. Standard Chartered plans to launch tokenized money market fund subscription and settlement services with international and local asset management companies in Q4. In the short term, they will test internal settlements using HKDAP within the group network, while also exploring use cases like cross-border payments and treasury management. HKDAP is issued by Eddid Financial, in which Standard Chartered holds a stake. https://(wublock123.com)/news/standard-chartered-first-bank-distribute-hkdap-regulated-hkd-stablecoin-67103