Foresight News reported that Hong Kong's OSL Group, together with stablecoin issuer Anchorpoint Financial, has completed a transfer test of the Hong Kong Dollar stablecoin HKDAP on the Ethereum mainnet. The test included the entire process of converting Hong Kong Dollars into reserve assets, then issuing and transferring HKDAP. Standard Chartered Bank provided custody services, ensuring that the entire issued amount was 100% collateralized by reserve assets. HKDAP is scheduled to be issued gradually by the end of the second quarter of this year.
