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Animoca, Standard Chartered & HKT Launch Stablecoin Venture in Hong Kong
Animoca, Standard Chartered & HKT Launch Stablecoin Venture in Hong Kong
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BTCCSquare news:
Animoca Brands has joined forces with Standard Chartered Bank and HKT to establish Anchorpoint Financial Limited, a new venture poised to apply for a stablecoin issuer license under Hong Kong's freshly enacted Stablecoins Ordinance. The regulation took effect on August 1, marking a pivotal step in the city's digital asset framework.
The collaboration leverages Animoca's blockchain expertise, Standard Chartered's banking infrastructure, and HKT's telecom reach to bridge traditional finance with Hong Kong's burgeoning digital economy. This initiative underscores institutional confidence in stablecoins as a conduit between fiat and crypto markets.
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