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Leopard Trading and OSL have completed transfer tests using Hong Kong dollar stablecoins with Dingdian Finance.
Futu Holdings’ wholly owned licensed trading platform Leopard Trading and OSL Group (00863) announced separately that they completed a transfer test using the Hong Kong dollar stablecoin “HKDAP” on the Ethereum mainnet in collaboration with Hong Kong licensed stablecoin issuer DingDian Financial.
The test covered the process of converting fiat Hong Kong dollar funds into reserve assets, with Standard Chartered Bank’s robust infrastructure and institutional trust services ensuring that all minted and transferred HKDAP tokens are fully backed by reserve assets. All HKDAP tokens were fully redeemed after the transfer test was completed.