Animoca Brands, Standard Chartered Bank Hong Kong (SCBHK), and HKT have launched Anchorpoint Financial Limited, a joint venture in Hong Kong to apply for a stablecoin issuance license under the city's new regulatory framework.
Anchorpoint Joint Venture Aims for Licensed Stablecoin Issuance in Hong Kong
Animoca Brands, Standard Chartered Bank (Hong Kong), and HKT have established Anchorpoint Financial Limited, a joint venture in Hong Kong focused on developing licensed stablecoin solutions.
According to a blog post, Anchorpoint has officially expressed interest to the Hong Kong Monetary Authority (HKMA) in securing a license for stablecoin issuance, after the city’s Stablecoins Ordinance was issued on August 1, 2025. This move positions Anchorpoint to operate under Hong Kong’s new legal framework for digital assets tied to fiat currencies.
The three companies have been working together since July 2024 in the HKMA's stablecoin issuance sandbox, testing how regulated stablecoins could aid payments, enhance market efficiency, and creatively connect web3 with traditional financial infrastructure.
Evan Auyang, Group Chairman of Animoca Brands, stated, “Stablecoins represent one of the most compelling applications in web3. As assets continue to move on-chain, stablecoins pegged to fiat currencies regulated by the HKMA are crucial to strengthening Hong Kong's position as a leading international financial center.”
If approved, Anchorpoint's stablecoins could become a key component in Hong Kong's digital asset ecosystem, supporting both institutional use cases and consumer acceptance.
Animoca Brands brings expertise in blockchain and reach in the web3 market, SCBHK contributes its global banking network, and HKT provides telecommunications infrastructure, together creating a unique integrated approach to digital finance.
