HashKey Exchange has completed a live transaction using Hong Kong’s first regulated Hong Kong dollar-backed stablecoin, HKDAP, with YF Life, testing a payment route that the companies say could cut premium settlement from two to three business days to near&#8230;

HashKey Exchange has successfully conducted a live transaction using HKDAP, Hong Kong's first regulated Hong Kong dollar-backed stablecoin, in collaboration with YF Life. This test aims to streamline insurance premium settlements, potentially reducing the processing time from two to three business days.

HashKey, YF Life test HKDAP stablecoin for insurance payments

Anchorpoint Financial has appointed HashKey Exchange as an authorized distributor for its Hong Kong dollar-backed stablecoin HKDAP, giving eligible institutions and professional investors access to minting, redemption, and fiat conversion during the token’s beta rollout. HashKey opens HKDAP access to&#8230;

Anchorpoint Financial has appointed HashKey Exchange as an authorized distributor for its Hong Kong dollar-backed stablecoin HKDAP. This partnership allows eligible institutions and professional investors to access minting, redemption, and fiat conversion during the token’s beta rollout.

Anchorpoint names HashKey as distributor for Hong Kong dollar stablecoin HKDAP

<p style="float:right; margin:0 0 10px 15px; width:240px;"><img src="https://s3-images.ctmedia.io/media/article-covers/hi-how-hashkey-plans-to-become-hong-kongs-first-crypto-ipo-1.jpg" alt="HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin" class="type:primaryImage"></p><p>HashKey has become an authorized distributor for Anchorpoint’s HKDAP, expanding institutional access as Hong Kong’s regulated stablecoin market takes shape.
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HashKey has started beta distribution of the HKDAP stablecoin, which is regulated in Hong Kong, as it becomes an authorized distributor for Anchorpoint. This move aims to enhance institutional access in the developing market for regulated stablecoins in Hong Kong.

HashKey begins beta distribution of Hong Kong-regulated HKDAP stablecoin

HashKey Exchange and OSL Group are now authorized distributors, enabling institutional and professional investors to mint and redeem HKDAP tokens.

Standard Chartered-led Anchorpoint has launched a Hong Kong dollar stablecoin, with HashKey Exchange and OSL Group authorized as distributors. This allows institutional and professional investors to mint and redeem HKDAP tokens.

Standard Chartered-led Anchorpoint launches Hong Kong dollar stablecoin

أطلقت Anchorpoint Financial العملة المستقرة HKDAP، مع HashKey Exchange وOSL Group كموزعين معتمدين. تهدف هذه المبادرة إلى تعزيز الوصول المؤسسي إلى العملات المستقرة المنظمة في هونغ كونغ. بدأت HashKey التوزيع التجريبي وأجرت اختبارًا ناجحًا لـ HKDAP لمدفوعات التأمين مع YF Life، مما قد يسهل تسوية الأقساط.

Anchorpoint Financial ha lanzado el stablecoin HKDAP, con HashKey Exchange y OSL Group como distribuidores autorizados. Esta iniciativa tiene como objetivo mejorar el acceso institucional a stablecoins reguladas en Hong Kong. HashKey ha comenzado la distribución beta y ha probado con éxito HKDAP para pagos de seguros con YF Life, lo que podría agilizar el proceso de liquidación de primas.

Anchorpoint Financial a lancé le stablecoin HKDAP, avec HashKey Exchange et OSL Group comme distributeurs autorisés. Cette initiative vise à améliorer l'accès institutionnel aux stablecoins réglementés à Hong Kong. HashKey a commencé la distribution bêta et a testé avec succès HKDAP pour les paiements d'assurance avec YF Life, ce qui pourrait rationaliser le règlement des primes.