OSL Group and Anchropoint complete test transfers of HKDAP
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OSL Group and Anchropoint complete test transfers of HKDAP 14 May 2026Hong Kong Reporter: Matthew Challis
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OSL Group, a stablecoin payment and trading platform, along with Anchorpoint Financial, a Hong Kong licensed stablecoin issuer, have completed Hong Kong dollar At Par (HKDAP) test transfers on the Ethereum Mainnet.
The test, enabled by Standard Chartered’s banking infrastructure and institutional trust services, covered the lifecycle of HKD funding into reserve assets, fully backing the minting and transfer of HKDAP.
The firm says all of the stablecoins were redeemed post-test.
The success of the initiative means OSL will continue to work closely with Anchorpoint and ecosystem partners for the forthcoming phased launch of HKDAP, scheduled for the second quarter of 2026.
OSL, as a result of the planned integration with the stablecoin, is set to provide fiat-to-digital gateways, offer cross-border payment solutions, facilitate the adoption of tokenised financial products, and leverage its infrastructure to explore real-world use cases in digital assets.
Speaking on the initiative, Kevin Cui, executive director and chief executive officer of OSL Group, says: “Our HKDAP test trades align with OSL’s mission - to make money move as freely as information.”
Dominic Maffei, chief executive officer and co-founder, Anchorpoint, adds: “This test mint and transfer of HKDAP with OSL marks an important first step towards our goal and demonstrates our commitment to being a key enabler for compliant industry participants contributing to Hong Kong’s digital asset vision.”
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Image: Dmitry_Rukhlenko/stock.adobe.com 