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
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