Animoca Brands And Standard Chartered Launch Stablecoin Venture

Animoca Brands, in collaboration with Standard Chartered Bank and HKT, has established a joint venture named Anchorpoint Financial to pursue a stablecoin issuer license under Hong Kong's Stablecoin License criteria, according to Animoca Brands.

Anchorpoint's initial step involves formally applying for the stablecoin issuer license from the Hong Kong Monetary Authority (HKMA). The joint venture is expected to test stablecoin applications within the HKMA's regulatory sandbox, facilitating the integration of Web3 technologies with conventional financial systems.

The framework took effect on August 1, 2025, mandating that all issuers of fiat-backed stablecoins in Hong Kong must be licensed, aligning regulatory oversight with similar global standards recently implemented, such as the US and EU. It requires a minimum capital of 25 million Hong Kong dollars or an equivalent amount in another currency.

The president of Animoca Brands, Evan Auyang, reiterated the venture's impact:

"Stablecoins represent one of the most compelling use cases within Web3, and we believe we are still at the early frontier of widespread adoption across institutions and retail alike. As assets continue to move on-chain, the HKMA-regulated fiat-referenced stablecoin is important in reinforcing Hong Kong’s position as a leading international financial center.”

The partnership with Standard Chartered aims to leverage the strengths of blockchain technology, banking, and telecommunications to create a fully regulated digital currency that bridges traditional finance with Hong Kong's burgeoning digital market.

Note: This is intended for informational purposes only and does not in any way constitute or solicit financial, professional, or legal advice. Readers are reminded to carefully conduct their own due diligence at all times.

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Source(s): https://www.animocabrands.com/joint-venture-anchorpoint-licensed-stablecoin