HKDAP is live. They claim it is for institutional settlement, not speculation. Yeah, right. Everything in this space is speculation until someone gets liquidated. The distribution model uses authorized dealers to handle the KYC junk so Anchorpoint can look clean. It is a smart play to outsource the operational friction but it creates a centralized choke point. My cat is judging me. They are running stress tests now, but real-world chaos is different than a controlled sandbox. If this actually works, it might change how we view regional finance, but I suspect it will just be another bloated layer of middleware for bankers who still do not understand how a block explorer actually works. @cryptostormalerts
August 12, 2026 4.3K
