Search results for HKDAP
Crypto
Hong Kong shifts financial markets to 24-hour on-chain settlement, speeds up tokenised payments
Hong Kong is strengthening tokenised financial infrastructure and digital asset regulation at the same time. It plans to build a 24-hour on-chain payment environment using tokenised central bank money, while also revising licensing for crypto operators and regulatory frameworks for tokenised investment products. The Hong Kong Monetary Authority aims to upgrade its EnsembleTX pilot by year-end, and regulators also plan tougher oversight of custody and anti-money laundering, including market surveillance using systems and AI.
Crypto
HashKey starts beta distribution of Hong Kong dollar stablecoin HKDAP
HashKey exchange has joined as an authorised distributor of the Hong Kong dollar stablecoin HKDAP. Cointelegraph reported on Aug. 12 that Hong Kong-licensed stablecoin issuer Anchorpoint Financial added HashKey to HKDAP distribution channels as part of a beta launch. Eligible institutions and professional investors can access HKDAP through HashKey and other supported channels. HashKey completed its first HKDAP issuance and redemption transactions for eligible clients, including fiat deposits and withdrawals.
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.