hong kong's first compliant currency, hkdap, was officially launched

Hong Kong Monopoly Finance has officially introduced HK$hkdap as the first Hong Kong dollar-stable currency to enter commercial operations after the entry into force of Hong Kong ' s Stability Currency Ordinance. hkdap 1:1 anchored Hong Kong dollar, the reserve is hosted by the Slag Chartered Bank, with the first phase being tested institutionally by authorized distributors such as Osl and Hashkey, with a focus on cross-border payments, trade finance and RWA settlement. The roll-out of hkdap marked the first time that Hong Kong had integrated bank hosting, licensed distribution, public-chain settlement and the real economy into the same compliance network, but its real trade size, liquidity and retail applications remained to be validated。