CoinVoice has recently learned that Animoca Brands, Standard Chartered Bank (Hong Kong) Limited, and Hong Kong Telecommunications have established a joint venture named Anchorpoint Financial Ltd. The goal is to seek a stablecoin issuer license in Hong Kong.
The tripartite partnership structure of Anchorpoint reveals how the stablecoin infrastructure needs to bridge expertise across traditional banking, blockchain technology, and telecommunications networks. Standard Chartered Bank brings traditional banking compliance and reserve management capabilities, Animoca Brands contributes knowledge of the Web3 ecosystem through operating blockchain projects like The Sandbox, and HKT provides essential telecommunications infrastructure for payment processing. This partnership reflects the multilayered technological and regulatory challenges of stablecoin issuance, which far exceed the simple creation of cryptocurrency. [Original link]