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HashKey has been named an authorized distributor for Anchorpoint's HKDAP stablecoin, which operates within Hong Kong's regulated digital asset framework.
Beta distribution is underway, the company said, with the arrangement expanding institutional access to the token. The distributor arrangement Anchorpoint issued HKDAP under Hong Kong's licensed stablecoin rules.
HashKey's designation as an authorized distributor creates a regulated channel for institutions seeking access to the token. The beta announcement carried no trading volume or circulating supply figure.
No commercial launch date was given, and the financial terms between the two companies were not disclosed. Hong Kong's stablecoin market Hong Kong's framework for licensed stablecoins is still developing.
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