Expansion of HKDAP Distributors to Five, First Bank Participation
The number of authorized distributors for the Hong Kong Dollar-pegged stablecoin HKDAP has increased to five. The issuer, Anchorpoint Financial, is expanding its distribution network to banks, virtual asset trading platforms, and securities and asset service sectors, targeting institutions and professional investors. The authorized distributors include Finloop, Hashkey, OSL, Standard Chartered Hong Kong, and Yunfeng Financial, and this list will be updated to reflect distributors that have gained access during the beta phase. HKDAP has a par value of one Hong Kong dollar per unit and is issued under the supervision of the Hong Kong Monetary Authority (HKMA). Standard Chartered Hong Kong was announced as the first bank distributor of HKDAP on the 24th and is reviewing various use cases for eligible institutional clients and partners. Finloop completed its system integration with Anchorpoint on the 25th and plans to provide HKDAP-related services to eligible institutions and professional investors starting next week. Hashkey and OSL participated as initial distributors, and the distribution network has expanded from an exchange-centric model to include banks and securities and asset service sectors. Anchorpoint plans to broaden access to individual users after the official launch.
-- Price
This content is provided for general informational purposes only and doesn't constitute financial, investment, legal, or tax advice. Any events, rewards, online promotions, or related information mentioned herein should not be considered a recommendation, solicitation, or invitation to purchase, sell, trade, or otherwise deal in any crypto assets. Crypto assets are highly volatile and may result in loss. The availability of WEEX services, products, and related events may vary by region. You are responsible for ensuring that your participation is in accordance with applicable local laws and regulations.
You may also like

U.S. Plans to Formulate Middle East Strategy to Contain Iran and Normalize Relations with Saudi Arabia

Next Week's CPI Will Influence the Fed's Rate Hike Decision

In August, 993 Airport Operations Halted in Russia Due to Ukrainian Drones

Bitcoin influenced by stock market, rate hike outlook pressures BTC

G42 Considers Selling Majority Stake to US Firms to Secure Chip Supply

US to Release August Non-Farm Payroll Report Tonight, Expected to Add 56,000 Jobs

Ansem Predicts Over 10 Billion-Dollar Crypto Protocols Will Emerge in the Next 18 Months

Taiwan's Ministry of Economic Affairs Confirms $20 Billion Investment in the U.S.

Waller Supports Conditional Rate Hold at September FOMC

Bitcoin Surpasses $81,000 Following FED Statements on Interest Rates

Altria Group Raises Dividend to $1.11 per Share, Yielding 6.4%

Broadcom Q3 Revenue for Fiscal Year 2026 Reaches $29.591 Billion, Up 86% Year-on-Year

Kalshi Seeks U.S. Approval to Launch Perpetual Oil Futures

Fed's Williams Calls Inflation Top Priority, Current Interest Rates Appropriate

Palo Alto Networks Acquires Console, Q4 Results Exceed Expectations

Wintermute: RWA Could Become a New Liquidity Channel for the Crypto Bull Market

Ukraine Risks Receiving IMF Tranche of $1.66 Billion

Ukraine and Lithuania Strengthen Cooperation to Save Grain Exports

Southbound Funds Buy Zhipu and MiniMax for Two Consecutive Months

Zammler Warehouse Company Ceases Operations

Google Gemini 3.8 Flash to Launch as Early as Wednesday, Internal Codename Skimaki

PwC: Global Data Center Investment Could Reach $32 Trillion Over the Next 25 Years

ECB Governing Council Member Mahrouf Calls for Readiness for Further Rate Hikes

ICON replay exploit triggers 119,866,000 ICX release through 1,492 message reuses

ECB's Nagel Says August Core Inflation Falls to 2.4%

Bank of Canada Expected to Keep Interest Rates Steady for the Seventh Time

EU Does Not Discuss New Funding Mechanisms for Ukraine, €90 Billion Loan Remains in Effect

A New Border Crossing Point 'Yablonivka -- Remeta' to Be Built in Transcarpathia

Woori Bank Lowers Dollar-Won Bottom Forecast to 1,340 Won





