Anchorpoint Financial, OSL Group, and PantherTrade have completed what is described as Hong Kong’s first approved end-to-end transaction using the HKDAP stablecoin on Ethereum. The stablecoin operates under Hong Kong Monetary Authority oversight, while Standard Chartered is providing custody and trust services. The new report adds that HKDAP is planned for phased public issuance by the end of the second quarter, expanding earlier coverage of the project’s live Ethereum-based testing within Hong Kong’s regulated digital asset framework.