By Isaac • May 15, 2026 8:40 pm •
OSL Group and Anchorpoint Financial completed end-to-end transfer testing for HKDAP, a regulated Hong Kong dollar stablecoin, on Ethereum mainnet. The test was announced on May 14, 2026.
HKDAP stands for HKD At Par. Anchorpoint is one of the first licensed stablecoin issuers under Hong Kong’s new framework.
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The workflow covered HKD fiat funding, reserve backing, minting, on-chain transfer, and full redemption. Standard Chartered provided the banking infrastructure behind the test.
OSL Group and Anchorpoint have completed test transfers of HKDAP, the first regulated Hong Kong Dollar-backed stablecoin, on Ethereum Mainnet.
The test covered HKD fiat funding, reserve backing, minting, transfer, and full redemption, supported by @StanChart’s banking… pic.twitter.com/d6sZ8oFBXr
— OSL (@osldotcom) May 13,
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