Animoca, Standard Chartered & HKT Team Up for Game-Changing Stablecoin Project

Big players collide as Animoca Brands, banking giant Standard Chartered, and Hong Kong telecom leader HKT join forces to disrupt the stablecoin space.

Why it matters: This isn't just another stablecoin—it's institutional-grade crypto with heavyweight backing. The venture combines Animoca's Web3 expertise, StanChart's financial infrastructure, and HKT's telecom reach.

The cynical take: Because what crypto really needed was more bankers entering the space—just in time to take credit for the next bull run.

Bottom line: Watch for this regulated stablecoin to target Asian markets first, bridging traditional finance and decentralized ecosystems. The race for mainstream adoption just got hotter.

Hong Kong’s New Stablecoin Licensing Rules

The Hong Kong Monetary Authority (HKMA) introduced new stablecoin licensing regulations on July 29, 2025, mandating all issuers to acquire a license from August 1, 2025. The regulations also include local and overseas firms that provide stablecoins to Hong Kong residents, such as those backed by the HKD or USD.

The HKMA highlighted that permits had not yet been given, stressing that any company that claimed otherwise WOULD be operating unlawfully under the new regime.

Also Read: Hong Kong’s RD Technologies Raises $40M Amid Stablecoin Licensing Buzz