Animoca Joins Stablecoin Race in Hong Kong
Animoca, Standard Chartered, and HKT launch Anchorpoint Financial to apply for Hong Kong stablecoin issuer license.
- Animoca collaborates with major firms to launch Anchorpoint Financial
- New firm applies for Hong Kong stablecoin issuer license
- Follows Hong Kong’s new Stablecoins Ordinance effective August 1
Hong Kong’s evolving digital asset landscape is attracting serious players. Animoca Brands, in partnership with Standard Chartered Bank and HKT, has announced the formation of Anchorpoint Financial Limited, a new joint venture aiming to become a licensed Hong Kong stablecoin issuer.
The launch of Anchorpoint comes right after the implementation of the Stablecoins Ordinance on August 1, signaling a fresh regulatory framework for stablecoin issuance in the region. The timing reflects strategic planning by the three partners to capitalize on Hong Kong’s new approach to crypto regulation.
Who Is Behind Anchorpoint Financial?
Animoca Brands, well-known in the blockchain gaming and metaverse sectors, is stepping into the fintech space with this new move. Teaming up with Standard Chartered Bank, a global banking giant, and HKT, Hong Kong’s leading telecom company, brings credibility, infrastructure, and institutional backing to the project.
Together, the trio brings a unique mix of crypto innovation, financial compliance expertise, and technical infrastructure. This partnership aims to create a stablecoin that aligns with Hong Kong’s monetary and regulatory standards, while offering value in both local and international digital finance.
Why the Stablecoins Ordinance Matters
The Stablecoins Ordinance, effective August 1, introduces a licensing regime for stablecoin issuers in Hong Kong. It’s designed to ensure that issuers are well-governed, capitalized, and transparent. For companies like Anchorpoint Financial, obtaining this license would be a major step in operating legally and gaining public trust in Hong Kong’s maturing crypto market.
With regulatory clarity finally in place, Hong Kong is becoming a promising hub for compliant and secure stablecoin operations. Anchorpoint’s early application suggests it wants to be among the first to benefit from this new regime.
Read also:
- Bitcoin Institutional Demand Surges Past New Supply
- Crypto Whale Buys $40.6M in Ethereum
- Philippine ISPs Block Major Crypto Exchanges
- Bitcoin Overtakes Amazon in Market Value for First Time
- Ethereum Nears $4K: Polymarket Bets on a Breakout
