Wu reported that Animoca Brands announced that it has jointly established a joint venture, Anchorpoint Financial Limited, with Standard Chartered Bank (Hong Kong) and Hong Kong Telecommunications (HKT), planning to apply for a stablecoin issuer license from the Hong Kong Monetary Authority (HKMA). Anchorpoint officially expressed its intention to apply to the Monetary Authority on August 1, the day the "Stablecoin Ordinance" came into effect. Previously, the three parties have participated together in the HKMA's stablecoin issuer "sandbox program" since July 2024.