How to issue / on-ramp HKD to HK2B

Entities can subscribe to and issue HK2B by first opening a Trade2B account and completing full customer due diligence, including Know-Your-Customer (KYC) verification and Anti-Money Laundering/Counter-Financing of Terrorism (AML/CFT) checks, in accordance with Hong Kong Monetary Authority (HKMA) standards. This requires submitting identity proof and other required documents.
Once your account is approved and you have added your bank account and wallet address, follow these steps to onramp HKD and mint HK2B:

Step 1: Log in to your account, navigate to the Transaction section, and select Issuance.

Step 2: Enter the desired issuance amount in the Issuance Amount (HK2B) field. The transaction fee will be automatically calculated and displayed after you enter the amount.

Step 3: Select the wallet address where you want to receive the stablecoin from the Target Wallet Address dropdown box.

Step 4: Choose the bank account you will deposit funds from under Bank Account.

Step 5: Check the box to confirm that you have read and agree to the Electronic Agreement.

Step 6: Click Confirm Payment to proceed. 

After you complete the above steps and Trade2B receives the HKD deposit into its designated bank account, an equivalent amount of HK2B will be minted and sent directly to your registered Ethereum wallet address.

HK2B is issued on a 1:1 basis fully backed by the transferred HKD, ensuring a stable and reliable peg for cross-border B2B settlements. The entire process is secure, compliant, and designed for efficient digital value transfer.

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