Hong Kong's First Licensed HKD Stablecoin HKDAP Completes Ethereum Test, Targets Q2 Launch

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On May 22, Anchorpoint Financial, OSL Group, and PantherTrade completed an Ethereum mainnet transfer test of HKDAP, Hong Kong's first licensed HKD stablecoin. The test covered the full lifecycle from fiat conversion to minting and on-chain transfer, with all tokens fully backed by reserve assets and redeemed upon completion. All three parties confirmed plans for a phased launch by the end of Q2 2026, leveraging OSL's stablecoin infrastructure and PantherTrade's institutional digital asset services.
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