---
title: "Anchorpoint Prepares Native HKDAP Issuance on Solana"
description: "Anchorpoint is expanding HKDAP to Solana while the asset continues Ethereum-only beta testing and rival HSBC rolls out RedCoin."
url: https://basisdesk.news/news/anchorpoint-plans-native-hkdap-issuance-solana
published: 2026-10-30T14:14:29.149Z
modified: 2026-10-30T14:14:29.149Z
section: Stablecoins & Payments
author: Basis Desk Newsroom (AI-generated, source-verified)
sentiment: neutral
tickers: [SOL, ETH]
tags: [Solana, Ethereum, Anchorpoint, HSBC, Payments]
license: Quote with attribution to Basis Desk (basisdesk.news). Not financial advice.
---

# Anchorpoint Prepares Native HKDAP Issuance on Solana

Anchorpoint is expanding HKDAP to Solana while the asset continues Ethereum-only beta testing and rival HSBC rolls out RedCoin.

## At a glance

- **What happened:** Anchorpoint announced plans to issue HKDAP natively on Solana while continuing its Ethereum-only beta.
- **Why it matters:** The deployment expands HKDAP beyond Ethereum as traditional competitors like HSBC already operate live retail tokens.
- **Who is affected:** Solana users and participants in Anchorpoint's HKDAP beta testing environment.
- **What's next:** No next step announced.
- **Status:** announced
- **Primary source:** [Anchorpoint Plans Native HKDAP Issuance on Solana](https://thedefiant.io/converge/tradfi-and-fintech/anchorpoint-plans-native-hkdap-issuance-on-solana) — thedefiant.io

## Key points

- Anchorpoint is planning native issuance of its HKDAP asset on the Solana blockchain.
- HKDAP is currently limited to an Ethereum-only beta access deployment.
- Competitor HSBC has already rolled out its RedCoin token for retail payments on PayMe.

## Editorial remark

- **Context:** Anchorpoint's multi-chain roadmap follows an initial Ethereum deployment that remains in a restricted testing phase.
- **Impact:** The Solana ecosystem gains prospective native issuance from Anchorpoint alongside existing stablecoin rails, competing directly against bank-led initiatives.
- **Watch:** Public announcements regarding the conclusion of Anchorpoint's Ethereum beta phase and the activation of native Solana issuance.

Stablecoin entity Anchorpoint is planning to deploy native issuance of its HKDAP token on the $SOL network [1]. The planned expansion comes while HKDAP operates in a beta access phase restricted solely to the $ETH blockchain [1].

The planned multi-chain deployment on Solana marks a technical widening for Anchorpoint as regional retail settlement infrastructure develops [1]. At the same time, traditional banking group HSBC has already brought its competing RedCoin token live for retail payments via its PayMe platform [1]. While HSBC has progressed to live retail processing with RedCoin, Anchorpoint's HKDAP deployment has so far remained confined to its limited Ethereum trial environment [1].

## Competitive Payments Landscape

The move to launch native issuance directly on the Solana network introduces an alternative settlement layer alongside Ethereum for Anchorpoint's infrastructure [1]. At the time of writing, SOL traded at $94.65, down 5.9% across the past 24 hours amid broader market pullbacks, while ETH stood at $2,218. Anchorpoint's timeline for completing its Ethereum beta access phase or activating native Solana minting has not been published in the release [1].

## Sources

1. [Anchorpoint Plans Native HKDAP Issuance on Solana](https://thedefiant.io/converge/tradfi-and-fintech/anchorpoint-plans-native-hkdap-issuance-on-solana) — thedefiant.io, 2026-10-30

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Basis Desk Newsroom · AI-generated, source-verified · https://basisdesk.news/about/how-we-use-ai