OSL Group and Anchorpoint Complete On-Chain Testing for Regulated HKD Stablecoin HKDAP

Today, OSL Group (863.HK), a leading global platform for compliant digital asset payments and trading, officially announced the successful completion of an end-to-end transfer test for the HKD stablecoin, HKDAP (HKD At Par), on the Ethereum mainnet.

This initiative was conducted in collaboration with Anchorpoint Financial, one of the first licensed stablecoin issuers in Hong Kong.

This achievement represents more than just technical integration; it marks the official transition of Hong Kong's regulated stablecoin ecosystem from "policy design" to "practical implementation."

I. Key Breakthroughs: Bridging the Trust Gap Between Fiat and Digital Currency

The lack of trust in the stablecoin market has long been the primary barrier to institutional capital entry.

This transfer test of HKDAP focused on validating compliance and security throughout its "full lifecycle":

• Transparent Asset Backing: The test encompassed the rigorous process of converting fiat HKD funds into reserve assets. Through institutional-grade custody and trust services, it ensures that every HKDAP minted and circulated is backed 1:1 by reserve assets.

• On-Chain Validation: HKDAP completed the full closed-loop process of minting, transferring, and redeeming within the Ethereum mainnet environment. All test tokens were fully redeemed upon completion, establishing its high liquidity and reliability as "digital cash."

• Regulatory Backing: As an issuer licensed and regulated by the Hong Kong Monetary Authority (HKMA), Anchorpoint ensures that HKDAP is not merely a crypto asset, but a financial instrument with recognized legal status.

II. Strategic Synergy: Deep Integration of OSL Infrastructure and Licensed Ecosystems

The success of this initial test signifies a major milestone in OSL Group's development of a global compliant digital asset payment network. By integrating its robust trading and payment infrastructure with Anchorpoint's bank-grade compliance framework, OSL aims to address three major pain points in traditional finance:

• Zero-Latency Cross-Border Settlement: Traditional remittances involve complex correspondent banking structures, which are time-consuming and costly. As an on-chain medium, HKDAP enables settlement in seconds, drastically improving global capital turnover.

• Compliant Fiat On/Off-Ramps: Providing institutional users with a regulated, low-risk hub for asset conversion, allowing for seamless and secure transitions between fiat and digital assets.

• Empowering the Real Economy: The vision for HKDAP is to serve as a secure medium of exchange within the real economy, directly benefiting industries by reducing financial friction and costs.

III. Forward Outlook: An Engine for Tokenized Financial Products

Industry experts suggest that the strategic significance of HKDAP extends far beyond "payments." As a stable value anchor, it will serve as a critical engine for the expansion of Real-World Assets (RWA) in Hong Kong. Whether for digital bonds, tokenized funds, or real estate interests, a regulated, stable HKD-denominated instrument is essential, and HKDAP fills this void.

OSL Group stated that it will continue to leverage its platform infrastructure to expand use cases for the digital asset community and stakeholders, including but not limited to B2B payments, retail settlement, and compliant interfaces for decentralized finance (DeFi) services.

Following the successful transfer test, the official issuance of HKDAP is imminent. OSL will continue to support Anchorpoint Financial and its ecosystem partners in their preparations, with a phased rollout planned to commence by the end of the second quarter of 2026.

About OSL Group:

About Anchorpoint

Anchorpoint Financial Limited is a subsidiary of Standard Chartered Bank (Hong Kong) Limited (SCBHK) and a joint venture established by SCBHK, HKT, and Animoca Brands in February 2025. With the vision of utilising tokenised money to rewire and supplement existing financial infrastructure for the betterment of the real economy, the initial goal is to build and advance the regulated HKD stablecoin “HKDAP” to serve as a secure tokenised medium of exchange for digital economy and to facilitate international payments and capital flows. It is one of the first entities granted with a stablecoin issuer licence (licence number FRS01) by the Hong Kong Monetary Authority under the Stablecoins Ordinance in April 2026.

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