Animoca, Standard Chartered, HKT Form Anchorpoint for Hong Kong Stablecoin License
Main Idea
Animoca Brands, Standard Chartered, and HKT have formed Anchorpoint to apply for Hong Kong's first stablecoin issuer license under the new Stablecoin Ordinance, aiming to integrate stablecoins into the mainstream financial ecosystem.
Key Points
1. Animoca Brands, Standard Chartered Bank (Hong Kong), and HKT established Anchorpoint Financial Limited to pursue a stablecoin issuer license in Hong Kong.
2. The partnership submitted its formal interest to the Hong Kong Monetary Authority (HKMA) on August 1, 2025, when the Stablecoin Ordinance took effect.
3. Hong Kong's regulatory framework positions it as a leader in non-USD stablecoin alternatives, challenging the dollar's dominance in the region.
4. The HKMA's stablecoin licensing regime includes strict compliance requirements, such as anti-money laundering standards and mandatory redemption at par value.
5. The collaboration aligns with broader growth in Hong Kong's crypto sector, including over $1.5 billion raised by publicly traded firms for blockchain and digital currency projects in July 2025.
Description
Animoca Brands has established Anchorpoint Financial Limited, a joint venture with Standard Chartered Bank (Hong Kong) Limited and HKT, to apply for Hong Kong’s first stablecoin issuer license under the city’s new regulatory framework. The partnership submitted a formal interest to the Hong Kong Monetary Authority on August 1, the same day the Stablecoins Ordinance took effect , positioning itself among the first movers in Asia’s emerging regulated stablecoin market. Strategic Partnership Target...
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