Anchorpoint names HashKey as distributor for Hong Kong dollar stablecoin HKDAP

Anchorpoint Financial has appointed HashKey Exchange as an authorized distributor for its Hong Kong dollar-backed stablecoin HKDAP, giving eligible institutions and professional investors access to minting, redemption, and fiat conversion during the token’s beta rollout. Summary HashKey has joined HKDAP Beta Access as an authorized distribution partner. Eligible institutions and professional investors can access HKDAP through HashKey and supported channels. HashKey has completed its first HKDAP minting and redemption transaction with eligible clients. Anchorpoint plans to test HKDAP in payments, settlement, and tokenized finance. HashKey opens HKDAP access to eligible investors According to an Aug. 12 announcement from HashKey Exchange and Anchorpoint Financial, HashKey will support the distribution, trading, and related services for HKDAP as one of the stablecoin’s authorized distributors. Access remains limited during the beta stage. Eligible institutions and professional investors can obtain the token through HashKey’s app and other supported channels, while retail customers have not yet been included in the rollout. HashKey has also processed its first HKDAP minting and redempt...