Binance Eyes Stablecoin Expansion as Animoca Brands, Standard Chartered, and HKT Launch Anchorpoint
In a move that could reshape the stablecoin landscape, Animoca Brands has joined forces with Standard Chartered Bank (Hong Kong) and Hong Kong Telecom (HKT) to form a new venture, Anchorpoint Financial Limited, in Hong Kong.
According to PANews, the company’s primary focus will be on issuing and promoting licensed stablecoins, aligning with Hong Kong’s upcoming regulatory framework. Anchorpoint has already notified the Hong Kong Monetary Authority of its plan to apply for a stablecoin issuer license as soon as the Stablecoin Ordinance comes into effect on August 1, 2025.
This development signals a growing momentum in the regulated stablecoin market, with major industry players racing to secure early positions. For Binance, which has been actively expanding its financial ecosystem, such moves underscore the increasing importance of compliance and licensed digital asset products in the next wave of crypto adoption.