HashKey has become an authorized distributor for Anchorpoint’s HKDAP, expanding institutional access as Hong Kong’s regulated stablecoin market takes shape. Anchorpoint Financial, a Hong Kong-licensed stablecoin issuer, has added HashKey Exchange as an authorized distributor for its Hong Kong dollar stablecoin, HKDAP, potentially expanding access to the fiat-backed asset as Hong Kong’s regulated stablecoin market takes shape. HKDAP, short for “HKD At Par,” is a regulated Hong Kong dollar stablecoin designed to function as tokenized money for payments and other financial transactions. Anchorpoint is a joint venture established by Standard Chartered Bank (Hong Kong), HKT and Animoca Brands, and was among the first companies to receive a stablecoin issuer license from the Hong Kong Monetary Authority. As Cointelegraph reported, Anchorpoint was established in April 2025, two months after Standard Chartered and Animoca announced plans to launch a Hong Kong dollar-backed stablecoin.