Huaxia Fund (Hong Kong) completes its first investment in digital assets using the Hong Kong dollar stablecoin HKDAP.

Odaily Planet Daily reports that China Asset Management (Hong Kong) announced, in conjunction with Standard Chartered Bank and others, the completion of Hong Kong's first use case of investing in digital assets with the Hong Kong dollar stablecoin HKDAP. This demonstrates how, under a compliant and regulatory framework, regulated Hong Kong dollar stablecoins can complement digital financial assets, 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 Point Financial, a licensed stablecoin issuer in Hong Kong. (Sing Tao Daily)