[Hong Kong's First Approved Stablecoin HKDAP Completes First End-to-End Transaction on Ethereum Public Blockchain] Odaily Planet Daily reports that institutions such as Anchorpoint Financial, OSL Group, and PantherTrade have successfully completed the first end-to-end financial transaction of Hong Kong's first approved stablecoin, HKDAP, on the Ethereum public blockchain. This digital asset operates under the supervision of the Hong Kong Monetary Authority. The technical execution of this transaction was jointly carried out by Anchorpoint Financial, a fintech company supported by Standard Chartered Hong Kong, along with digital broker OSL Group and PantherTrade. In this blockchain test, participants directly converted traditional physical Hong Kong dollars into reserve assets, triggering the minting of on-chain digital balances, and upon transaction completion, redeemed the tokens back into fiat bank balances through a redemption protocol. Standard Chartered Bank provided custody frameworks and trust services for this process. The stablecoin is planned to be publicly issued in phases starting at the end of the second quarter this year. (financefeeds)