Animoca, Standard Chartered, and HKT Launch Stablecoin Venture in Hong Kong

Animoca Brands has partnered with Standard Chartered Bank (Hong Kong) and telecom giant HKT to establish Anchorpoint Financial Limited, a new venture focused on licensed stablecoin issuance. The initiative aligns with Hong Kong's Stablecoins Ordinance, enacted on August 1, 2025, and aims to mainstream stablecoins within the financial system.

Anchorpoint has formally expressed interest in obtaining a stablecoin issuer license from the Hong Kong Monetary Authority (HKMA). Evan Auyang, Group President of Animoca Brands, emphasized the critical role of stablecoins in Web3 adoption, stating they will reinforce Hong Kong's position as a global financial hub as more assets transition to blockchain.

The consortium has been testing stablecoin solutions in HKMA's regulatory sandbox since July 2024, signaling strong institutional momentum for blockchain-based financial infrastructure.