💼 Standard Chartered Aims for Hong Kong Stablecoin License
Standard Chartered, Animoca Brands, and Hong Kong Telecom (HKT) have teamed up to apply for Hong Kong’s new stablecoin license.
They formed a new company called Anchorpoint Financial, which will focus on creating and developing licensed stablecoins. Hong Kong’s new stablecoin law started on August 1, requiring the Hong Kong Monetary Authority (HKMA) to approve any fiat-backed token issuers.
Anchorpoint has already shown interest in getting this license. Animoca Brands’ president said they’re excited to bring stablecoins into Hong Kong’s mainstream finance, as they believe it’s still early days for both businesses and everyday users.
Animoca Brands → Hong Kong Web3 startup investing in blockchain games and NFTs.
HKT → One of Hong Kong’s largest telecom companies.
Standard Chartered → Major UK bank active in digital assets, recently launched Bitcoin and Ethereum spot trading for institutions.
The first stablecoin licenses in Hong Kong might be issued in 2026, so it could be a while before Anchorpoint launches a product. Still, they could be among the first approved.
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