HashKey Teams Up with Anchorpoint on HKDAP Stablecoin Distribution
HashKey Exchange has become an authorized distributor for Anchorpoint Financial's HKDAP stablecoin, expanding its reach in Hong Kong. This move comes as part of a beta rollout for eligible institutions and professional investors.
The partnership between HashKey and Anchorpoint marks a significant step forward for regulated stablecoins in Hong Kong. HKDAP is designed to function as a tokenized Hong Kong dollar for payments and financial transactions, with the companies planning to explore broader applications beyond basic issuance and redemption.
Anchorpoint Financial was one of the first firms to receive a stablecoin issuer license from the Hong Kong Monetary Authority. The company's HKDAP has completed its first minting and redemption transaction with eligible clients, demonstrating operational readiness for institutions.