Animoca Brands and Standard Chartered join forces to launch an issuer of #Stablecoins in Hong Kong
A new Giant is born under the new Regulatory regime!
In a strategic move that could redefine the stablecoin landscape in Asia, the Web3 giant Animoca Brands and the multinational bank Standard Chartered have formed a joint venture in #HongKong . This initiative, called Anchorpoint, also includes Hong Kong Telecom (HKT) and aims to create a business model for the licensed issuance of stablecoins.
Collaboration of Giants: The alliance between one of the most influential firms in Web3, a top-tier global bank, and a major telecommunications company signifies a strong commitment to integrating traditional finance and blockchain technology.
Seeking a Stablecoin License: Anchorpoint has announced its intention to apply for a stablecoin issuer license in Hong Kong. This coincides with the coming into effect of the long-awaited regulatory regime in the region, a framework that could attract more than 40 applicants.
