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Record sog_st_hkdap

HKDAPHKD At Par

Also recorded as HKDAP, HKD At Par, Anchorpoint HKDAP

Active

Lifecycle: Active
Issuance: Restricted
Reference target: Unknown reference target
Primary organization: Anchorpoint Financial Limited
No additional recorded relationship
Launch: 2026-08-12
Redemption: Issuer Redemption
Backing: Unknown
Stabilization: Issuer redemption
Last review: 2026-08-29
Evidence: 3 source records

Reviewed assessment

Identity and current state

This summary reports reviewed facts and uncertainty. It is not a rating or recommendation.

Hong Kong dollar-backed stablecoin issued by HKMA-licensed Anchorpoint Financial Limited. Beta Access began on 2026-08-12 with issuer-disclosed at-least-100% reserve backing and a legally segregated trust structure for reserve assets.

Name	HKD At Par
Symbol	HKDAP
Aliases	HKDAP, HKD At Par, Anchorpoint HKDAP
Asset class	Stablecoin
Lifecycle status	Active
Issuance status	Restricted
Canonical record ID	`sog_st_hkdap`
Route slug	`hkdap`
Record confidence	High
Last reviewed	2026-08-29

Name: HKD At Par
Symbol: HKDAP
Aliases: HKDAP, HKD At Par, Anchorpoint HKDAP
Asset class: Stablecoin
Lifecycle status: Active
Issuance status: Restricted
Canonical record ID: sog_st_hkdap
Route slug: hkdap
Record confidence: High
Last reviewed: 2026-08-29

Record coverage

Section	Entries
Organizations	1
Sources	3
Reserve reports	1
Reserve components	1
Model-history events	0
Regulatory notes	0
Deployments	0
Issuer-control actions	0
Open questions	1
Events	1

Material concerns

What the reviewed record does not let you assume

Active status and verified evidence are not safety endorsements. Unknown means the reviewed record does not support a stronger conclusion.

Material known unknowns: 1 open

Organizations and control

Primary display is a navigation and summary choice only. It does not replace other organizations or imply sole legal responsibility, operational control, reserve custody, or historical continuity.

Governance: Centralized
Primary display organization: Anchorpoint Financial Limited
Primary display role: Legal issuer
Relationship coverage: 1 recorded relationship

Control and relationship coverage

Display selection mode: Deterministic Policy
Current relationships: 1
Ended relationships: 0
Unknown relationship state: 0
Freeze capability: No deployment records
Blacklist capability: No deployment records
Deployment control-event references: 0
Observed issuer-control events: 0

All current, ended, and unknown-state organization relationships
Organization	Organization category	Regulatory character	Jurisdiction	Role	Display priority	From	Until	Relationship status
Anchorpoint Financial Limited	Unknown or not yet classified	Unknown or unresolved	Hong Kong	Legal issuer	Primary display	2026-08-12	Not yet recorded	Active relationship

Unknown or not yet classified

Anchorpoint Financial Limited

Primary display

Functional role: Legal issuer
Relationship status: Active relationship
Regulatory character: Unknown or unresolved
Jurisdiction: Hong Kong
From: 2026-08-12
Until: Not recorded

Mechanism

How the asset works

Primary operating facts are shown first. Classification and methodology details remain available below.

Reference target: Unknown reference target
Public backing model: Unknown
Primary stabilization mechanism: Issuer redemption
Redemption / exit model: Issuer Redemption
Valuation source: Public information is incomplete
Yield / rebase profile: No recorded change · Accrual: No recorded change

Classification and mechanism details

Reference kind: Fiat
Comparison category: Unknown reference category
Target value: 1
Reference methodology: Anchorpoint states one HKDAP is redeemable for HKD 1.00.
Canonical backing types: Other
Reserve component categories: Other
Recorded model description: Fiat Reserve Backed
Classification notes: HKD-backed regulated stablecoin in limited Beta Access. Anchorpoint discloses high-quality liquid reserve assets backing at least 100% of par value, without a reviewed category allocation precise enough for narrower backing enums.

Reserve and redemption

Recorded components, disclosures, reports, and redemption conditions remain explicit.

Reserve components

High-quality liquid reserve assets backing at least 100% of HKDAP par value and held under the issuer-disclosed segregated trust structureOther · Preserves the reviewed reserve and segregation disclosure without inventing an allocation split.

Reserve profile

Disclosure status	Issuer Transparency At Least Full Backing
Backing types	Other
Summary	Anchorpoint discloses high-quality liquid reserve assets backing at least 100% of HKDAP par value and held in a trust structure legally segregated from operational assets. Exact reserve-category allocation is not normalized.
As of	2026-08-29
Profile confidence	High

Disclosure status: Issuer Transparency At Least Full Backing
Backing types: Other
Summary: Anchorpoint discloses high-quality liquid reserve assets backing at least 100% of HKDAP par value and held in a trust structure legally segregated from operational assets. Exact reserve-category allocation is not normalized.
As of: 2026-08-29
Profile confidence: High

Redemption profile

Current status	Eligible Customers Only
Settlement asset	HKD fiat
Eligible parties	Eligible Anchorpoint Beta Access participants under current onboarding and compliance requirements.
Retail access	Broader unrestricted retail access is not established during the reviewed Beta Access period.
Institutional access	Available to eligible Beta Access participants; Anchorpoint states 1 HKDAP is redeemable for HKD 1.00.
Minimum amount	not stated in reviewed public sources
Fee	not stated in reviewed public sources
Settlement time	not stated in reviewed public sources
Regional limits	Beta Access and Compliance Requirements Apply, Not yet recorded

Current status: Eligible Customers Only
Settlement asset: HKD fiat
Eligible parties: Eligible Anchorpoint Beta Access participants under current onboarding and compliance requirements.
Retail access: Broader unrestricted retail access is not established during the reviewed Beta Access period.
Institutional access: Available to eligible Beta Access participants; Anchorpoint states 1 HKDAP is redeemable for HKD 1.00.
Minimum amount: not stated in reviewed public sources
Fee: not stated in reviewed public sources
Settlement time: not stated in reviewed public sources
Regional limits: Beta Access and Compliance Requirements Apply, Full Launch Access Inventory Not Recorded

Reserve and attestation history

Date	Publisher	Type	Assets covered	Record confidence
2026-08-29	Anchorpoint	Issuer Transparency Framework	Other	High

Anchorpoint

2026-08-29

Type: Issuer Transparency Framework
Assets covered: Other
Record confidence: High

Deployments and legal context

Network state, contract identity, legal notices, and value states remain separate.

Blockchain deployments

Network	Standard	Deployment type	Operational state	Contract or identifier
No deployment records have been added yet.

No deployment records have been added yet.

Regulatory and official notices

Date	Title	Authority / publisher	Type	Summary
No regulatory notes have been added yet.

No regulatory notes have been added yet.

Evidence

Publisher, provenance, supported claims, archive state, reliability, and publication date remain separate.

3 source identities · 3 evidence relations
Source	Publisher	Source category	Provenance	Primary or secondary	Supported claims	Archive	Reliability
HKD At Par (HKDAP) Published Not yet recorded	Anchorpoint	Official documentation or product page Canonical: Official Product Page	Subject-controlled source	Primary source	Identity, Issuer, Launch, Reference Asset, Redemption, Legal, Hkdap Identity Issuer Hkd Redemption Beta Access	Archive index or wildcard	High
HKDAP Transparency Published Not yet recorded	Anchorpoint	Reserve, assurance, or financial report Canonical: Reserve Transparency Page	Subject-controlled source	Primary source	Reserve, Backing, Issuance, Redemption, Transparency, Hkdap Reserve Backing Circulation Issuance Redemption	Archive index or wildcard	High
HKDAP Whitepaper Published Not yet recorded	Anchorpoint	Technical documentation or repository Canonical: Official Whitepaper	Subject-controlled source	Primary source	Reserve, Legal, Reserve Segregation, Backing, Hkdap Reserve Trust Segregation and Structure	Archive index or wildcard	High

Official documentation or product page

HKD At Par (HKDAP)

High

Publisher: Anchorpoint
Published: Not yet recorded
Provenance: Subject-controlled source
Primary or secondary: Primary source
Supported claims: Identity, Issuer, Launch, Reference Asset, Redemption, Legal, Hkdap Identity Issuer Hkd Redemption Beta Access
Archive: Archive index or wildcard
Reliability: High

Reserve, assurance, or financial report

HKDAP Transparency

High

Publisher: Anchorpoint
Published: Not yet recorded
Provenance: Subject-controlled source
Primary or secondary: Primary source
Supported claims: Reserve, Backing, Issuance, Redemption, Transparency, Hkdap Reserve Backing Circulation Issuance Redemption
Archive: Archive index or wildcard
Reliability: High

Technical documentation or repository

HKDAP Whitepaper

High

Publisher: Anchorpoint
Published: Not yet recorded
Provenance: Subject-controlled source
Primary or secondary: Primary source
Supported claims: Reserve, Legal, Reserve Segregation, Backing, Hkdap Reserve Trust Segregation and Structure
Archive: Archive index or wildcard
Reliability: High

Known unknowns

Known unknowns and coverage

Missing or disputed facts remain visible instead of being converted into certainty.

Open questions

Topic	What remains unclear	Value state	Priority	Last checked
Full Launch Access Reserve Assurance and Canonical Deployment	Reviewed primary sources establish HKDAP Beta Access, 1:1 HKD redemption, at-least-100% reserve backing and a legally segregated trust structure, but broader retail availability, audited reserve-attestation history, exact reserve allocation, stronger bankruptcy-remoteness conclusions and the exact canonical token proxy are not established here.	Unknown after review	Medium	2026-08-29

Full Launch Access Reserve Assurance and Canonical Deployment

Reviewed primary sources establish HKDAP Beta Access, 1:1 HKD redemption, at-least-100% reserve backing and a legally segregated trust structure, but broader retail availability, audited reserve-attestation history, exact reserve allocation, stronger bankruptcy-remoteness conclusions and the exact canonical token proxy are not established here.

Value state: Unknown after review
Priority: Medium
Last checked: 2026-08-29

Lifecycle

History

Current classification remains separate from dated changes and incidents.

Model and lifecycle changes

No separate model-change event is currently recorded.

Event timeline

Date	Event	Category	Subtype	Status effect	Recovery
2026-08-12	Anchorpoint begins HKDAP Beta Access rollout	Launch and introduction	Launch	Remained active	Not applicable

Related records and corrections

Corrections and further reading

Open connected records, methodology, machine-readable data, or report a correction.