Hong Kong’s HKD At Par Opens to Institutional Users

Anchorpoint’s HKD-referenced stablecoin, HKD At Par (HKDAP), is now available to institutional users in Hong Kong. The project’s Beta Access phase is live for corporates and Professional Investors, according to Anchorpoint’s official FAQs, with access provided through authorised distributors on Ethereum mainnet (Anchorpoint — FAQs).

Anchorpoint lists OSL and HashKey as distributors that have enabled the Beta, meaning they can on-ramp, off-ramp, and support institutional users in converting and using HKDAP during this stage (Anchorpoint — FAQs).

The opening to institutions follows a 10 April 2026 decision in which the Hong Kong Monetary Authority granted Anchorpoint Financial Limited a stablecoin issuer licence, allowing it to issue regulated HKD-referenced stablecoins under Hong Kong’s Stablecoins Ordinance (Standard Chartered press release).

Operational readiness was demonstrated in mid-May when OSL and Anchorpoint completed an end-to-end test of HKDAP on Ethereum Mainnet. OSL said all HKDAP minted for the exercise were fully redeemed after the test concluded (OSL press release).

… Continue reading the full article at the original source below.