HashKey Exchange, a licensed digital asset exchange in Hong Kong, and licensed stablecoin issuer Anchorpoint Financial Limited said on Wednesday that HashKey has joined the first institutional rollout of HKDAP, or HKD At Par, as a primary authorized distributor. Under the partnership, HashKey will support HKDAP distribution, trading and related services as Anchorpoint works to broaden participation and use across the regulated Hong Kong dollar stablecoin ecosystem.
The companies described the move as a key step in the development of regulated Hong Kong dollar stablecoins in the city. They said the partnership combines HashKey’s institutional client network and digital asset infrastructure with Anchorpoint’s issuance capabilities to widen market access to HKDAP and speed up its use in financial and commercial settings.
Access opens to qualified institutions and professional investors
According to the announcement, qualified institutions and professional investors can access HKDAP starting immediately through the HashKey app and other designated channels.
HashKey also said it has completed the first HKDAP minting and redemption transaction for qualified clients. The transaction was used to verify the subscription and redemption process between HKDAP and fiat currency. The companies said this marks a step toward integrating HKDAP into commercial and financial use cases and lays the groundwork for broader adoption later on.
As operational preparations continue and market demand develops, the two firms said they plan to introduce additional access channels and applications, expand into more markets, and support new use cases including cross-border payments and settlement.
Executives outline the focus of the partnership
Haiyang Ru, CEO of the Exchange Business Group at HashKey Exchange, said: 「Regulated Hong Kong dollar stablecoins are drawing strong market attention. HashKey will make full use of its platform strengths to connect issuers, financial institutions and market participants, and provide compliant, secure and convenient market access and liquidity support for HKDAP. We look forward to working with Anchorpoint Financial to gradually expand HKDAP under a compliant framework into use cases such as payments, settlement and tokenized assets.」
Dominic Maffei, CEO and co-founder of Anchorpoint Financial, said: 「As regulated stablecoins move toward practical application, market access and distribution capabilities will become an important part of scaling. HashKey has extensive experience in institutional client services, digital asset markets and regional expansion, and has built a broad network across Asia and the Middle East. Through this partnership, we hope to further expand market participation in HKDAP and support the development of regulated stablecoin use cases in Hong Kong and regional markets.」
Next steps include wider ecosystem participation
As the first institutional phase of HKDAP continues, Anchorpoint Financial and HashKey said they want to work with participants across digital assets, financial services and payments to explore more commercial applications for regulated tokenized money. The companies said they will keep building a trusted and interoperable ecosystem to support innovation, market adoption and the long-term development of Hong Kong’s digital finance market.
Background on HashKey Exchange and Anchorpoint Financial
The announcement said HashKey Exchange is a digital asset exchange under HashKey Holdings Limited, which is listed as 3887.HK. Hash Blockchain Limited, operating as HashKey Exchange, is one of Hong Kong’s first licensed retail virtual asset exchanges. It has approval from the Hong Kong Securities and Futures Commission and holds Type 1 (dealing in securities) and Type 7 (providing automated trading services) licenses under the Securities and Futures Ordinance, along with a virtual asset trading platform operating license under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance.
HashKey Exchange has also obtained ISO 27001 for information security and ISO 27701 for data privacy management systems, according to the announcement. To comply with applicable laws and regulations, the exchange does not provide services to users in mainland China, the United States and certain other jurisdictions.
The announcement added that as of July 13, 2026, HashKey Exchange ranked 10th on CoinGecko and was the highest-ranked licensed virtual asset exchange in Hong Kong.
Anchorpoint Financial Limited is a subsidiary of Standard Chartered Bank (Hong Kong) Limited, according to the announcement. The company was jointly established in February 2025 by Standard Chartered Hong Kong, HKT and Animoca Brands. Its initial goal is to build and promote the regulated Hong Kong dollar stablecoin HKDAP as a secure transaction medium in the digital economy and to accelerate global payments and capital flows.
Anchorpoint said it received a stablecoin issuer license from the Hong Kong Monetary Authority in April 2026 under the Stablecoins Ordinance. The license number is FRS01, making it one of the first institutions to receive the license.