HashKey Holdings Limited announced that its licensed trading platform, HashKey Exchange, has officially launched deposit and withdrawal functions for HKDAP, Hong Kong’s HKD-regulated stablecoin. It is one of the first licensed virtual asset trading platforms to support HKDAP deposits and withdrawals.

Eligible professional investors will now be able to deposit HKDAP assets into their HashKey Exchange accounts through verified whitelisted wallet addresses, and also withdraw HKDAP from their HashKey Exchange accounts to verified external whitelisted wallet addresses.

The Hong Kong stablecoin deposits and withdrawals are supported through the Ethereum (ERC-20) network.

Anchorpoint also confirmed the development in a LinkedIn post, saying early users can now complete the relevant verification with authorised distributors that have enabled HKDAP deposits from, and withdrawals to, their own wallets.

“We will continue to work closely with all stakeholders to balance usability, openness and integrity in the new digital finance era,” Anchorpoint explained.

Featured image edited by Fintech News Hong Kong based on an image by wirestock on Magnific