HashKey Launches Hong Kong Compliant Stablecoin HKDAP Test Distribution

TechFlow news, August 13, according to Cointelegraph, HashKey Exchange has become an authorized distributor for Anchorpoint Financial's Hong Kong dollar stablecoin HKDAP, officially launching beta testing distribution open to eligible institutions and professional investors.

HashKey stated that it has completed the first HKDAP minting and redemption transaction, supporting fiat deposits and withdrawals. HKDAP is issued by Anchorpoint, a joint venture of Standard Chartered Bank (Hong Kong), HKT, and Animoca Brands, and is one of the first projects to obtain a stablecoin issuer license from the Hong Kong Monetary Authority.