OSL Group (HKEX: 863) has become one of the first authorised distributors for HKDAP, a regulated Hong Kong dollar stablecoin issued by Anchorpoint Financial Limited. Announced on Aug. 12, 2026, this partnership marks the launch of Beta Access, making the stablecoin available to professional investors through OSL HK, Hong Kong’s first licensed digital asset exchange. The collaboration aims to bridge digital asset markets with mainstream economic activity, focusing on efficient settlement and value transfer for the real economy.

OSL will provide secure, compliant distribution services and liquidity support for HKDAP. Both parties have completed the technical groundwork required for real-world usage, enabling eligible clients to access on- and off-ramp, exchange, trading, and settlement services between fiat currency and HKDAP. The initial rollout prioritises tokenised finance and trade finance as the primary use cases during the Beta Access phase.

Partnership Details

The collaboration between OSL Group and Anchorpoint Financial Limited is structured to support the long-term adoption of regulated stablecoins. Key aspects of the agreement include:

Anchorpoint Financial Limited, a subsidiary of Standard Chartered Bank (Hong Kong) Limited and a joint venture with HKT and Animoca Brands, was granted one of the first stablecoin issuer licences (FRS01) by the Hong Kong Monetary Authority in April 2026. The entity was established in February 2025 to advance regulated tokenised money for international payments and capital flows.

Technical Validation

In May 2026, OSL and Anchorpoint completed test transfers using HKDAP on the Ethereum mainnet. These tests covered the full lifecycle of HKD fiat funding into reserve assets, including minting, transfer, and redemption processes. The successful completion demonstrated an end-to-end issuance and redemption mechanism for a fully reserved regulated HKD stablecoin.

Kevin Cui, Executive Director and Chief Executive Officer of OSL Group, stated that becoming an authorised distributor deepens the collaboration with Anchorpoint. He noted that regulated stablecoins will play a key role in connecting digital asset markets with mainstream economic activity, allowing OSL to offer clients a diversified product suite while expanding market access to HKDAP.

Dominic Maffei, Chief Executive Officer and Co-Founder of Anchorpoint, emphasised that the long-term success of regulated stablecoins depends on their ability to support real-economy applications. He highlighted OSL’s strengths in global payment services and liquidity provision as critical factors in expanding participation in the HKDAP ecosystem across payments, trade finance, and tokenised finance.

What the Numbers Show

While specific financial metrics such as transaction volumes or revenue projections were not disclosed in the announcement, the strategic significance lies in the regulatory milestone. HKDAP is Hong Kong’s first regulated Hong Kong dollar stablecoin, operating under the Stablecoins Ordinance. The focus on professional investors during the Beta Access phase suggests a controlled rollout designed to validate infrastructure stability before broader public adoption. The emphasis on trade finance and tokenised funds indicates a targeted approach to institutional utility rather than retail speculation, aligning with Hong Kong’s broader strategy to develop a compliant digital asset ecosystem.

OSL Group (HKEX: 863), a global stablecoin payment and trading platform, launched OSL AgentPay on Aug. 07, 2026, introducing a multi-stablecoin payment infrastructure designed specifically for AI agents. Based in Hong Kong, OSL aims to empower the rapidly growing AI-driven economic activity by allowing developer AI agents to make autonomous, intent-based payments via stablecoins. The launch addresses the high-frequency, micro-value payment demands between agents, providing a single-integration gateway that combines protocol compatibility with OSL’s global settlement core.

The new infrastructure supports multiple stablecoins, including USDT, USDC, and USDGO, alongside several payment protocols such as x402, AP2, and MPP. Developers can integrate via API immediately, expressing payment intent—amount, asset, and payee—while AgentPay handles routing, signing, and settlement. Key capabilities include multi-asset path selection, nano-payment capability, zero gas fees, and global fiat on- and off-ramp access through partnerships with Banxa.

Market Context and Strategy

Agent-to-agent (A2A) payment requests are growing rapidly, with McKinsey research projecting that global agentic commerce could reach US$3 trillion to US$5 trillion by 2030. While open payment protocols like x402 and AP2 have standardized how agents negotiate terms and carry payment authorization, they do not determine settlement mechanisms. OSL AgentPay is designed to fill this gap by handling currency conversion and value delivery to agent endpoints.

Kevin Cui, Executive Director and Chief Executive Officer of OSL Group, stated that agentic commerce is rapidly emerging and that OSL is proactively embracing Agentic AI to empower the massive wave of economic activity ahead. He emphasized that the core of this economic activity relies on distribution, liquidity, and infrastructure, areas where OSL has focused its strengths.

Technical Capabilities

AgentPay delivers eight core capabilities aimed at simplifying complex payment flows for AI agents. The platform abstracts away technical complexities, allowing agents to focus on transaction intent rather than execution mechanics.

William Yuan, Head of OSL AI Labs and Vice President of Engineering at OSL Group, noted that stablecoins will become the optimal base-layer asset for agentic economic activity. He highlighted the scale of the ecosystem, with hundreds of thousands of paying agents transacting across thousands of endpoints. OSL plans to first partner with developers across Asia to explore payment scenarios before serving global enterprise opportunities.

What the Numbers Show

The strategic focus on agentic commerce aligns with significant market projections. With McKinsey estimating the agentic commerce market could reach up to US$5 trillion by 2030, OSL’s early infrastructure play positions it to capture value from the foundational layer of this economy. By offering zero gas fees and supporting multiple stablecoins, OSL aims to reduce friction in micro-transactions, which are critical for high-frequency AI agent interactions. The integration of Banxa’s fiat on- and off-ramp infrastructure further bridges the gap between traditional finance and digital asset settlements, essential for broader enterprise adoption.