HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin
Anchorpoint Financial, a Hong Kong-licensed stablecoin issuer, added HashKey Exchange as an authorized distributor for its Hong Kong dollar stablecoin, HKDAP. The beta rollout lets eligible institutions and professional investors access HKDAP through HashKey and other channels, with initial minting, redemption, and fiat on/off-ramping already completed. Anchorpoint and HashKey plan to broaden distribution and explore uses such as cross-border payments, settlement, and tokenized finance. HKDAP is a regulated HKD-backed stablecoin designed as tokenized money, and Anchorpoint is a joint venture involving Standard Chartered Bank (Hong Kong), HKT, and Animoca Brands. Hong Kong’s regulated stablecoin market is still early, though analysts see potential for significant growth.
