PANews|Aug 12, 2026 10:15
**[OSL Becomes an Early Approved Distributor of Regulated HKD Stablecoin HKDAP]**
Global stablecoin payment and trading platform OSL Group (HKEX:863) announced today that it has become one of the early approved distributors for the first-phase institutional application of the regulated HKD stablecoin HKDAP, issued by Hong Kong-licensed stablecoin issuer Red Dot Fintech Limited. OSL will provide secure, compliant, and efficient distribution services and liquidity support for HKDAP.
The two parties have completed the necessary technical preparations and will initially offer related services to professional investors during the first-phase institutional application of HKDAP. Eligible clients can subscribe, redeem, exchange, trade, and settle between fiat currency and HKDAP through OSL HK, Hong Kong's first licensed digital asset exchange under OSL.
In the first-phase institutional application, both parties will prioritize use cases such as tokenized funds, trade finance, and cross-border payments.
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