According to CoinMeta, and as reported by Ming Pao, Standard Chartered has become the first bank to distribute the regulated Hong Kong dollar stablecoin hkdap. Standard Chartered plans to launch tokenized money market fund subscription and settlement services with international and local asset management companies in the fourth quarter, and will test internal settlements using hkdap within its group network in the short term, while also exploring use cases for cross-border payments and treasury management. hkdap is issued by Dockpoint Finance, in which Standard Chartered holds a stake.