Animoca JV Anchorpoint To Pursue HK Stablecoin License

Animoca Brands, Standard Chartered Bank (Hong Kong) Limited, and HKT have formed Anchorpoint Financial Limited, a joint venture focused on issuing a licensed stablecoin in Hong Kong. The MOVE follows the enactment of the Stablecoins Ordinance on August 1, 2025, with Anchorpoint formally expressing its intent to apply for a stablecoin issuer license with the Hong Kong Monetary Authority.

The collaboration builds on a year-long participation in the HKMA's stablecoin sandbox program, which explored the role of stablecoins in financial markets and payments. Other participants included JD.com's JINGDONG Coinlink Technology and RD InnoTech Limited. Hong Kong's stablecoin framework operates alongside China's e-CNY, offering a regulatory sandbox for HKD-backed innovations.