Animoca Brands announced last Friday that it has established a joint venture, Anchorpoint Financial Limited in Hong Kong, together with Standard Chartered Bank (Hong Kong) Limited (SCBHK) and HKT, with the aim to build a business model focused on the issuance and advancement of licensed stablecoins.

Anchorpoint has indicated formal interest with the Hong Kong Monetary Authority (HKMA) in applying for a stablecoin issuer license on August 1, 2025, when the Stablecoins Ordinance came into effect, Animoca Brands said in a statement.

“Animoca Brands is proud to partner with Standard Chartered and HKT to form Anchorpoint in applying for a stablecoin issuer license under the HKMA, with a view to bringing stablecoins into the mainstream financial ecosystem in Hong Kong,

“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,” said Evan Auyang, group president of Animoca Brands.

As assets continue to move on-chain, he noted the HKMA-regulated fiat-referenced stablecoin is important in reinforcing Hong Kong’s position as a leading international financial center.

Since July 2024, Animoca Brands, SCBHK and HKT have been jointly participating in the HKMA stablecoin issuer sandbox to explore how stablecoins can play a key role in the development of financial markets and payments, by bridging Web3 and traditional finance, thus strengthening Hong Kong’s position as a global digital assets hub.

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