Standard Chartered and Animoca Brands Launch Anchorpoint for Hong Kong Stablecoin License

Standard Chartered Bank and blockchain giant Animoca Brands have established Anchorpoint, a joint venture aiming to secure a stablecoin issuance license under Hong Kong's newly implemented regulatory framework. The MOVE signals growing institutional interest in regulated digital assets within Asia's financial hub.

Hong Kong's fiat-referenced stablecoin regime, effective August 1, provides clear guidelines for issuers seeking to operate in the special administrative region. Anchorpoint has formally notified the Hong Kong Monetary Authority (HKMA) of its licensing intentions, building on prior participation in the regulator's July 2024 sandbox program.

"Stablecoins will prove instrumental in developing Hong Kong's digital asset ecosystem," said Standard Chartered's Mary Huen, highlighting the bank's commitment to supporting the city's ambitions as a global crypto hub. The partnership represents a notable convergence of traditional finance and Web3 expertise.