Animoca Brands Pursues Stablecoin License in Hong Kong Through Joint Venture

Animoca Brands, alongside Standard Chartered and Hong Kong Telecommunications (HKT), has formally initiated the process to secure a stablecoin license in Hong Kong. Their joint venture, Anchorpoint Financial Limited, submitted a statement of interest to local regulators on August 1, marking the first step toward compliance under the Hong Kong Monetary Authority's framework.

The move signals growing institutional confidence in stablecoins as a bridge between traditional finance and Web3 ecosystems. Evan Auyang, Chairman of Animoca Brands, emphasized the role of regulated stablecoins in accelerating blockchain-based asset transactions. The planned HKD-pegged stablecoin WOULD operate under HKMA supervision, with reserve management and issuance structures designed to meet strict regulatory standards.