OSL Group announces that it has completed a test transaction of the Hong Kong dollar stablecoin HKDAP (HKD At Par) on the Ethereum mainnet in collaboration with licensed Hong Kong stablecoin issuer CingPoint Financial Technology Limited. HKDAP is expected to be launched in phases by the end of the second quarter of this year. This test covered the process of converting fiat Hong Kong dollar funds into reserve assets, as well as the minting and transfer of HKDAP. The related HKDAP is fully backed by reserve assets and has been fully redeemed after the test was completed.

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