Hong Kong, August 13, 2026 — HashKey Holdings Limited (3887.HK), Asia’s established comprehensive digital asset company, announced that its licensed trading platform, HashKey Exchange (“HashKey”), has completed the first regulated transaction of the Hong Kong dollar stablecoin HKDAP in collaboration with MetLife International Limited (“MetLife”), and will continue advancing the real-world application of HKDAP, Hong Kong’s first regulated HKD stablecoin, in insurance payment scenarios.
HashKey Exchange is one of the first authorized distributors of the Hong Kong dollar stablecoin HKDAP, issued by DianDian Financial Technology, Hong Kong’s first licensed stablecoin issuer.
This use case test successfully completed the subscription and redemption process for HKDAP using real funds, laying a solid foundation for MetLife Insurance’s future integration of a regulated stablecoin payment solution. Subject to relevant regulatory requirements and in line with MetLife Insurance’s plans, the company intends to support customers in paying premiums using HKDAP in the future. MetLife Insurance expressed its desire to collaborate with HashKey Exchange to actively explore the application of the regulated Hong Kong dollar stablecoin HKDAP in insurance payment scenarios, aiming to become one of the first insurers in Hong Kong to support premium payments via the regulated HKDAP.
This use case aims to verify improvements to the premium payment experience in two aspects:
- Settlement efficiency has been significantly improved: Traditional premium payments require 2-3 business days for settlement confirmation, while HKDAP on-chain payments enable nearly real-time settlement, greatly shortening the processing cycle.
- Flexible and convenient payments: Customers can purchase HKDAP using Hong Kong dollars via the HashKey Exchange platform, or use their existing HKDAP balance, withdraw it to their wallet, and pay premiums—all with a simple process that aligns with online payment habits.
The application validation based on real-world use cases represents a significant step toward integrating regulated Hong Kong dollar stablecoins into traditional financial services. By connecting stablecoin issuers, licensed trading platforms, and insurance institutions, HashKey Exchange further leverages its platform capabilities to bridge digital assets with traditional finance, helping expand regulated Hong Kong dollar stablecoins into a broader range of financial services and real-world payment scenarios.
In the future, HashKey Exchange will continue to deepen collaboration with financial institutions and industry partners, exploring the application of HKDAP in scenarios such as insurance, corporate payments, and cross-border trade, to promote the steady development of Hong Kong’s stablecoin ecosystem.
AboutHashKey Exchange
HashKey Exchange is a digital asset exchange under HashKey Holdings Limited (3887.HK), committed to setting new benchmarks for compliance, fund security, and platform safety in the virtual asset exchange industry. Hash Blockchain Limited (HashKey Exchange) is among the first licensed retail virtual asset exchanges in Hong Kong. It has been approved by the Securities and Futures Commission (SFC) of Hong Kong and holds licenses under the Securities and Futures Ordinance for Type 1 (dealing in securities) and Type 7 (providing automated trading services), as well as a license to operate a virtual asset trading platform under the Anti-Money Laundering and Counter-Terrorist Financing Ordinance, ensuring compliant and licensed operation of its virtual asset trading platform. HashKey Exchange has obtained ISO 27001 (Information Security) and ISO 27701 (Privacy Information Management) system certifications. To comply with legal and regulatory requirements, HashKey Exchange does not provide services to users in mainland China, the United States, or certain other jurisdictions.
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About Wonton Insurance
The major indirect shareholders* of Far East Insurance International Limited ("Far East Insurance") include Massachusetts Mutual Life Insurance Company ("MassMutual"), one of the five largest life insurance companies in the United States with over 170 years of history, and Yunfeng Financial Holdings Limited, among others.
FWD Insurance and Barings are long-term strategic partners. We lead the Hong Kong insurance industry through our exceptional global investment capabilities, extensive network of collaborations, and strong momentum in financial technology innovation.
China Merchants Bank and Yunfeng Financial Holdings Limited indirectly hold shares in China Merchants Insurance.
The "Top Five U.S. Life Insurance Companies" are calculated by combining the 2025 annual revenue rankings of mutual life insurance companies and publicly traded stock life insurance companies as published in the FORTUNE 500 on June 3, 2026.