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Anchorpoint Financial’s Stablecoin Test on Ethereum Marks Hong Kong Regulatory Milestone

Anchorpoint Financial’s Stablecoin Test on Ethereum Marks Hong Kong Regulatory Milestone

Anchorpoint Financial, OSL Group, and PantherTrade completed Hong Kong’s first approved HKDAP stablecoin end-to-end Ethereum transaction under Hong Kong Monetary Authority oversight, with Standard Chartered supporting custody and trust ahead of planned phased public issuance.

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Fact Check
All key elements of the claim are strongly corroborated across multiple independent and authoritative sources. The HKMA's own press release ('Granting of stablecoin issuer licences') confirms Anchorpoint Financial holds a valid stablecoin issuer licence under the Stablecoins Ordinance, establishing the regulatory oversight context. Standard Chartered's official press release confirms its institutional role as a founding JV partner. Crypto Briefing and Crypto.news both independently confirm the three firms (Anchorpoint Financial, OSL Group, PantherTrade) conducted the HKDAP end-to-end test on Ethereum Mainnet around May 13, 2026. Odaily explicitly confirms Standard Chartered's custody and trust services role. The planned phased public issuance by end of Q2 2026 is consistently reported across all sources. No conflicting evidence was found. The minor residual uncertainty (3%) reflects the absence of a direct HKMA press release specifically about the Ethereum test transaction itself, though the regulatory licence and all operational details are fully corroborated.
Summary

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.

Terms & Concepts
  • HKDAP stablecoin: A Hong Kong dollar-backed stablecoin being developed and tested within Hong Kong’s regulated digital asset framework.
  • Ethereum: A blockchain network used to issue digital tokens and process on-chain transactions through smart contracts.
  • custody: A service in which a financial institution safeguards assets or related instruments on behalf of clients or a project.