Animoca Brands Joins Forces with Standard Chartered and HKT for Hong Kong Stablecoin License

Animoca Brands has partnered with Standard Chartered Bank (Hong Kong) and HKT to establish Anchorpoint Financial Limited, a joint venture seeking a stablecoin issuer license under Hong Kong's new regulatory framework. The application was submitted on August 1, coinciding with the enactment of the city's Stablecoin Ordinance.

The collaboration leverages Animoca's Web3 expertise, Standard Chartered's banking infrastructure, and HKT's telecom reach to bridge traditional finance with digital assets. Evan Auyang of Animoca emphasized the venture's role in mainstreaming stablecoins within regulated financial ecosystems.

Having participated in the HKMA's sandbox since July 2024, the trio tested institutional and retail use cases. The ordinance mandates strict reserve requirements and one-day redemption capabilities, creating high barriers to entry in a competitive field with over 40 applicants.