Futu's Leopard Trading Completes HKD Stablecoin HKDAP On-Chain Transfer Test with AnchorPoint FinTech

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On May 13, Futu Holdings’ wholly-owned licensed trading platform “Leopard Trading” announced the successful completion of on-chain transfer tests for the Hong Kong dollar stablecoin “HKDAP” on the Ethereum mainnet, in collaboration with Hong Kong licensed stablecoin issuer AnchorPoint FinTech Limited. The OSL Group also participated in this collaborative test. The test covered the entire process of converting fiat Hong Kong dollar funds into reserve assets, minting HKDAP, and completing on-chain transfers. Standard Chartered Bank provided the infrastructure and institutional trust services to ensure that all minted and transferred HKDAP tokens are fully backed by 100% reserve assets. After the test, all issued HKDAP tokens were fully redeemed.

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