HKDAP Stablecoin Completes First Regulated End-to-End Test on May 13

On May 13, 2026, Anchorpoint Financial completed the first end-to-end transaction test of HKDAP stablecoin under Hong Kong's Stablecoins Ordinance framework. The test included token issuance, fiat deposits, redemption into bank balances, and settlement operations, all conducted under Hong Kong Monetary Authority (HKMA) supervision.

Anchorpoint Financial holds license designation FRS01 and collaborated with OSL Group and PantherTrade throughout the process. Standard Chartered Hong Kong provided custody and trust services, confirming that HKDAP maintains a one-to-one peg with the Hong Kong dollar and remains fully backed by Hong Kong dollar reserves. The transaction was executed on the Ethereum blockchain, demonstrating interoperability between blockchain settlement systems and traditional banking infrastructure under Hong Kong's regulated digital asset framework.