The largest licensed digital asset exchange in Hong Kong, HashKey Exchange ("HashKey"), has announced today that it has participated as a major accredited distributor in the first phase of institutional application for HKDAP ("HKD At Par") in collaboration with the licensed stablecoin issuer in Hong KongAnchorpoint Financial Technology Limited("Anchorpoint Financial"). Through this collaboration, HashKey will support the distribution, trading, and related services of HKDAP, in line with Anchorpoint Financial's efforts to continuously expand the participation and application of the regulated Hong Kong Dollar stablecoin ecosystem.

This collaboration is an important step in promoting the development of regulated Hong Kong Dollar stablecoins. The two parties will combine HashKey's advantages as a licensed digital asset trading platform in institutional client networks and digital asset infrastructure, with Anchorpoint Financial's issuance capabilities, to jointly promote wider market exposure and use of HKDAP, accelerating its integration into practical financial and commercial applications.

Starting today, eligible institutions and professional investors can access HKDAP through the HashKey app and other designated channels. HashKey has completed its first HKDAP minting and redemption transaction aimed at eligible clients, verifying the subscription and redemption process between HKDAP and the fiat currency. This transaction marks an important step for HKDAP's integration into commercial and financial applications and lays the foundation for broader adoption in the future. As related preparations advance and market demand matures, both parties will successively launch more access channels and applications, expanding into more markets and promoting new application developments such as cross-border payments and settlements.

HashKey Exchange's CEO, Haiyang Ru, stated: "Regulated Hong Kong Dollar stablecoins are attracting significant attention from the market. HashKey will leverage its platform advantages to connect issuing institutions, financial institutions, and market participants, providing compliant, secure, and convenient market access and circulation support for HKDAP. We look forward to collaborating with Anchorpoint Financial to gradually expand HKDAP into application scenarios such as payments, settlements, and tokenized assets under a compliant framework."

Dominic Maffei, CEO and co-founder of Anchorpoint Financial, expressed: "As regulated stablecoins gradually move towards practical applications, market access and distribution capabilities will become an important part of driving scaled development. HashKey has extensive experience in serving institutional clients, digital asset markets, and regional market expansion, and has established a wide network in Asia and the Middle East. We look forward to further expanding HKDAP's market participation through this collaboration and promoting the application development of regulated stablecoins in Hong Kong and the regional market."

As the first phase of institutional applications for HKDAP continues to advance, Anchorpoint Financial and HashKey look forward to collaborating with market participants in the digital assets, financial services, and payment sectors to explore more commercial applications of regulated tokenized currency. Both parties will continue to promote the establishment of a trusted and interconnected ecosystem, support innovative development and market adoption, and facilitate the long-term development of Hong Kong's digital financial market.

About HashKey Exchange

HashKey Exchange is a digital asset exchange under the publicly listed company HashKey Holdings Limited ( 3887.HK ) that is committed to setting a new standard for virtual asset exchanges in compliance, fund security, and platform safety. Hash Blockchain Limited (HashKey Exchange) is one of the first licensed retail virtual asset exchanges in Hong Kong and has received approval from the Hong Kong Securities and Futures Commission (SFC), holding Type 1 (Securities Trading) and Type 7 (Automated Trading Services) licenses under the Securities and Futures Ordinance, as well as a virtual asset trading platform operating license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, operating a compliant licensed virtual asset trading platform. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Privacy) management system certification. To comply with relevant laws and regulations, HashKey Exchange does not offer services to users in mainland China, the United States, and several other jurisdictions.

*As of July 13, 2026, HashKey Exchange ranks 10th on CoinGecko, making it the highest-ranked licensed virtual asset exchange in Hong Kong.

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About Anchorpoint Financial

Anchorpoint Financial Limited is a subsidiary of Standard Chartered Bank (Hong Kong) Limited, jointly established by Standard Chartered Hong Kong, Hong Kong Telecommunications, and Animoca Brands in February 2025, aiming to develop tokenized currency constructs and assist existing financial infrastructure to promote the development of the real economy. The initial goal is to establish and promote the regulated Hong Kong Dollar stablecoin "HKDAP" as a secure medium of exchange in the digital economy, accelerating global payments and capital flow. Anchorpoint Financial received a stablecoin issuer license (license number FRS01) from the Hong Kong Monetary Authority in April 2026 under the Stablecoin Ordinance, becoming one of the first licensed institutions.

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