Search results for HKD
Crypto
Hong Kong dollar stablecoin HKDAP completes Ethereum mainnet test after regulatory approval
Anchorpoint Financial, which received a stablecoin issuance licence from the Hong Kong Monetary Authority, has completed a test transferring its Hong Kong dollar stablecoin HKDAP (HKD At Par) to the Ethereum mainnet. The test was conducted with OSL Group and LeopardTrade, a trading platform under Futu Holdings, and focused on verifying the process of converting fiat Hong Kong dollar funds into reserve assets. Standard Chartered Hong Kong provided infrastructure and institutional trust services.
Finance
Toss Bank offers overseas remittance customers fee waiver and 50,000 won cashback promotion
Toss Bank said on Tuesday it will run an overseas remittance promotion through March 31 for customers who send money abroad through the bank. The bank will waive the 3,900 won fee per transfer, with no limit on the number of discounted transfers per person, regardless of the amount. It will also pay 10,000 won cashback for transfers of $5,000 or more, up to five times per person, including eligible non-USD transfers.
Finance
Mirae Asset Securities raises 100 billion won in South Korea\'s first digital bond issue
Mirae Asset Securities said on Jan. 29 it successfully completed South Korea’s first digital bond issuance, raising a total of 100 billion won. The digital bonds were issued simultaneously in HK$325 million and $30 million. HSBC served as lead manager, with Mirae Asset Securities’ Hong Kong unit as co-lead manager, under a private placement structure. The issuance used HSBC’s Orion tokenisation platform connected to the HKMA’s CMU settlement infrastructure.
