OSL Group and Anchorpoint have completed test transfers of HKDAP, the first regulated Hong Kong Dollar-backed stablecoin, on Ethereum Mainnet.
The test covered HKD fiat funding, reserve backing, minting, transfer, and full redemption, supported by
@StanChart’s banking infrastructure and institutional trust services.
This marks a key step toward secure fiat-to-digital gateways, cross-border payments, and tokenised financial use cases in Hong Kong.