HKDAP Enters Institutional Beta in Hong Kong

Anchorpoint's HKD-referenced stablecoin, HKD At Par (HKDAP), has entered its Beta Access phase for institutional users in Hong Kong. The beta is limited to corporates and Professional Investors, with access provided through authorised distributors on Ethereum mainnet.

The launch follows a 10 April 2026 decision by the Hong Kong Monetary Authority, which granted Anchorpoint Financial Limited a stablecoin issuer licence under Hong Kong's Stablecoins Ordinance. This licence allows HKDAP to operate as a regulated HKD-referenced stablecoin in Hong Kong.

A recent end-to-end test with OSL and Anchorpoint demonstrated operational readiness for the launch of HKDAP on Ethereum Mainnet. During the test, all minted HKDAP were fully redeemed after the trial concluded, indicating round-trip functionality on Ethereum.