Animoca, Standard Chartered and HKT to Pursue Hong Kong Stablecoin License
Main Idea
Animoca Brands, Standard Chartered Bank Hong Kong, and HKT have formed Anchorpoint Financial Limited to pursue a stablecoin issuer license under Hong Kong's new regulatory framework.
Key Points
1. Anchorpoint Financial Limited is a joint venture focused on developing HKMA-regulated stablecoins.
2. The venture aims to operate under Hong Kong's Stablecoins Ordinance effective from August 1, 2025.
3. The companies have been testing stablecoin applications in the HKMA’s sandbox since July 2024.
4. Animoca Brands provides blockchain expertise, SCBHK offers global banking networks, and HKT contributes telecommunications infrastructure.
5. If approved, Anchorpoint’s stablecoins could enhance payments, market efficiency, and web3 innovation in Hong Kong.
Description
Animoca Brands, Standard Chartered Bank Hong Kong (SCBHK), and HKT have launched Anchorpoint Financial Limited, a Hong Kong-based joint venture applying for a stablecoin issuer license under the city’s new regulatory regime. Anchorpoint Joint Venture Targets Licensed Stablecoin Issuance in Hong Kong Animoca Brands, Standard Chartered Bank (Hong Kong), and HKT have formed Anchorpoint Financial
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