According to PANews, Animoca Brands has partnered with Standard Chartered Bank (Hong Kong) and Hong Kong Telecom (HKT) to establish a joint venture named Anchorpoint Financial Limited in Hong Kong. The venture aims to develop a business model focused on the issuance and promotion of licensed stablecoins. Anchorpoint has officially expressed its intention to the Hong Kong Monetary Authority to apply for a stablecoin issuer license when the Stablecoin Ordinance comes into effect on August 1, 2025.