Pinloop Joins as Initial Authorized Distributor for HKDAP Beta Access

Pinloop Finance has joined as an initial authorized distributor for the Hong Kong dollar-based regulated stablecoin HKDAP. Pinloop will provide compliance-based distribution accessibility and liquidity support for HKDAP. HKDAP is the first regulated Hong Kong dollar-backed stablecoin, and it has begun its institutional launch through beta access. Pinloop has completed the integration process with AnchorPoint and will start providing services to eligible institutions, corporate users, and professional investors from next week. Eligible users will be able to access subscription, redemption, and exchange services for HKDAP through the Pinloop platform, along with trading and payment services. Pinloop holds a Type 1 license granted by the Hong Kong Securities and Futures Commission and is qualified to provide virtual asset trading services. During the HKDAP beta access period, Pinloop and AnchorPoint will explore commercial use cases such as cross-border payments, trade finance, and RWA tokenization. Chaihua, CEO of Pinloop, emphasized that joining as an authorized distributor for HKDAP is a significant milestone and stated that they will contribute to building a trustworthy ecosystem.

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