Animoca Brands, Standard Chartered Bank, and HKT have announced the creation of a new joint venture called Anchorpoint Financial Limited in Hong Kong. The primary focus will be on the issuance and development of licensed stablecoins.
Creation of Anchorpoint Financial Limited
The joint venture, Anchorpoint Financial Limited, was established in Hong Kong with the aim of developing a new business model focused on the issuance of licensed stablecoins. Animoca Brands, Standard Chartered, and HKT have united their efforts to realize this project.
Company Goals and Plans
According to Evan Auyang, Group President of Animoca Brands, the partnership is aimed at integrating stablecoins into the mainstream financial system. He noted that stablecoins play a crucial role in the Web3 ecosystem and will help bring more assets onto the blockchain. "As assets continue to move on-chain, HKMA-regulated stablecoin is important in reinforcing Hong Kong’s position as a leading international financial center," he added.
New Stablecoin Licensing Rules in Hong Kong
The Hong Kong Monetary Authority (HKMA) introduced new stablecoin licensing regulations, which came into effect on August 1, 2025. All issuers of stablecoins are required to obtain a license, with the requirement applying to both local and overseas firms offering stablecoins to Hong Kong residents, including tokens backed by HKD or USD.
The establishment of Anchorpoint Financial Limited, launched by Animoca Brands, Standard Chartered, and HKT, represents a step toward developing and implementing licensed stablecoins in Hong Kong, potentially fostering further advancements in financial technology in the region.
