Anchorpoint unveils HKDAP stablecoin for institutions

Anchorpoint launches HKDAP, a HKD-pegged stablecoin for institutional payments and settlements. HashKey and OSL act as distributors, enabling minting, redemption, and fiat conversion for eligible clients.

Anchorpoint Financial has introduced the HKDAP stablecoin, pegged 1:1 to the Hong Kong dollar, following regulatory approval as one of Hong Kong’s first licensed stablecoin issuers. The stablecoin targets institutional clients for payments, trade finance, and settlement of tokenized assets, operating through a B2B2C model. In this model, authorized partners—rather than direct retail channels—manage distribution. HashKey Exchange and OSL Group have joined as authorized distributors, enabling eligible institutions and professional investors to mint, redeem, and convert HKDAP with fiat currency. The stablecoin’s reserves are managed in line with Hong Kong Monetary Authority protocols, ensuring full backing and liquidity. The initial rollout focuses on cross-border payments and integration with existing digital asset infrastructure. Future plans include expanding access and use cases, with potential retail availability expected by late 2026. This launch marks a significant step in advancing regulated digital money and transforming settlement processes in Hong Kong’s financial sector.