Dear HashKey Exchange Clients,
We are pleased to announce that the Earn Channel of HashKey Exchange has officially launched the HKDAP subscription and redemption service (hereinafter referred to as “this Service”).
HKDAP is a Hong Kong dollar stablecoin issued by Anchorpoint Financial Limited. This Service allows users to subscribe for or redeem the Hong Kong dollar stablecoin (HKDAP) with Hong Kong dollars (HKD) at a 1:1 ratio.
Service Opening Time:
17:45 on 12 August 2026 (Hong Kong Time)
Service Details
| Item | Details |
| Product Name | Hong Kong Dollar At Par (HKDAP) |
| Eligible Clients | Professional Investors |
| Subscription Currency | HKD |
| Subscription Settlement | Subscription orders submitted through HashKey Earn Channel will be processed on dealing days. Settlement timing is subject to the issuer's dealing, settlement and operational arrangements. |
| Redemption Settlement | Redemption orders submitted through HashKey Earn Channel will be processed on dealing days. Settlement timing is subject to the issuer's dealing, settlement and operational arrangements. |
| Dealing Frequency | Daily* |
| Daily Cut-off Time | 9:00 AM (HKT) |
| Minimum Subscription | 1,000 HKD |
| Minimum Redemption | 1,000 HKD |
| Fees | • Platform Subscription Fee: 0% • Platform Redemption Fee: 0% (the redemption fee is 0 during the promotional period, valid until September 30, 2026). |
The issuance, acquisition, holding, transfer, redemption, use and other related activities of the stablecoin are subject to the terms and conditions issued or published by the issuer from time to time. The Client should fully understand such terms and conditions before using the services. Please refer to the issuer's official website: https://anchorpoint.hk.
*Subscription and redemption requests may be submitted on a daily basis, orders will be processed for trading and settlement on Hong Kong business days..
Note: The Product follows a stablecoin subscription and redemption process. Subscription and redemption are not instantaneous, and settlement timing is subject to the issuer's dealing and settlement arrangements. Product terms, dealing arrangements, minimum transaction amounts, settlement timelines and other operational parameters may be updated from time to time based on the issuer's arrangements, regulatory requirements or platform operations.
Thank you for your support!
HashKey Exchange Team
Legal disclaimer:
This material has been prepared for general informational purposes only and should NOT be: (1) considered an individualized recommendation or advice; or (2) relied upon for any investment activities. All information is provided on an as-is basis and is subject to change without notice. We make no representation or warranty of any kind, express or implied, regarding the accuracy, validity, reliability, availability, or completeness of any such information. HashKey Exchange does NOT provide investment, legal, or tax advice in any manner or form. The ownership of any investment decision(s) exclusively vests with you after analyzing all possible risk factors and by exercising your own independent discretion. HashKey Exchange shall not be liable for any consequences thereof.
Risk warning and disclosure:
Using the stablecoin subscription and redemption services through HBL’s Earn Channel involves risks, certain of which are set out below. These risks, together with other risks that may arise now or in the future, may result in a reduction, loss or complete loss of your assets and may also result in the suspension or termination of our stablecoin services.
- Non-Legal Tender and No Deposit Protection: Stablecoins are not legal tender in Hong Kong or any other jurisdiction and do not constitute bank deposits. Stablecoins are not protected by the Hong Kong Deposit Protection Scheme or any consumer compensation schemes.
- Issuer Risk: The value and redeemability of Stablecoins depend entirely on the solvency, financial condition, creditworthiness and ongoing performance of the Issuer. If the Issuer becomes insolvent, fails to maintain adequate Reserve Assets, defaults on its obligations or ceases operations, the Client may suffer a partial or total loss of the value of its Stablecoins. HBL does not guarantee the Issuer’s performance or solvency.
- Reserve Assets Risk: The Reserve Assets are subject to valuation methodologies, liquidity constraints, counterparty defaults and investment risks. There is no guarantee that the Reserve Assets will at all times be sufficient, liquid or readily realizable to meet all redemption requests. Reserve Assets may be held by third-party custodians, trustees or other service providers, and the Client may be exposed to risks arising from their failure, insolvency, misconduct or operational errors.
- Redemption and Liquidity Delay Risk: Primary redemption with the Issuer is subject to operational schedules, banking hours, Reserve Asset liquidation timelines, and protocol-level exit mechanisms. During periods of mass redemption requests, redemptions may be deferred, queued, or temporarily suspended by the Issuer.
- De-pegging and Secondary Market Volatility Risk: Although Stablecoins aim to maintain a 1:1 par value, secondary market prices may fluctuate due to supply-demand imbalances, market panic, or negative publicity surrounding the Issuer. HBL does not guarantee that Stablecoins will trade or convert at par value on secondary markets or trading venues.
- Blockchain Infrastructure and Smart Contract Risk: Stablecoins operate on open-source blockchains and smart contract protocols. Coding errors, smart contract bugs, network congestion, cyberattacks, or blockchain forks may cause transaction failures, loss of access, or loss of Stablecoin holdings. In the event of a blockchain fork, the Issuer reserves absolute discretion to determine which chain to support.
- Irreversibility of Blockchain Transactions: Once confirmed on a blockchain ledger, Stablecoin transfers cannot be modified, reversed, or cancelled. Incorrectly entered wallet addresses or selecting unsupported network chains will result in permanent asset loss.
- Regulatory, Sanctions and Blacklisting Risk: Stablecoins and related services are subject to evolving regulatory requirements, including anti-money laundering, counter-terrorist financing, economic sanctions and travel rule obligations. HBL and/or the Issuer may be required to block, freeze or blacklist certain wallet addresses, suspend services or surrender assets to comply with Applicable Laws and regulatory requirements, without prior notice to the Client.
- No Interest or Yield: Stablecoins do not bear interest or generate yield or capital growth. Holding Stablecoins carries opportunity costs compared to interest-bearing fiat deposits or other investment vehicles.
- Self-Custody and Security Risks: If Stablecoins are transferred or withdrawn to an external wallet, the Client bears exclusive responsibility for safeguarding private keys, seed phrases, and wallet credentials. HBL has no liability for losses resulting from phishing, malware, or compromised external wallets.
Please refer to our Earn Channel User Terms and the relevant risk disclosure for more information.
Hash Blockchain Limited
Hash Blockchain Limited is responsible for the issue of this material in Hong Kong. It is licensed by the Securities and Futures Commission for Types 1 and 7 regulated activities under the Securities and Futures Ordinance, and has obtained a license to operate a virtual asset trading platform under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance (AMLO). HashKey Exchange does not service users from Mainland China, United States and certain other jurisdictions in compliance with laws and regulations. This material has not been reviewed by the Securities and Futures Commission of Hong Kong or any other regulator.
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