Major Web3 Investor Animoca Brands has formed a joint company of Stablecoin (JV) With the Hong Kong Division of Multinational Bank Standard Chartered (2888).
The JV, known as Anchorpoint, also includes Hong Kong Telecom (HKT) And the objective of building a business model for the broadcast of Stablecoins licensed, according to an announcement sent by email on Friday.
Anchorpoint has expressed interest in requesting a Stablecoin issuer license in Hong Kong coinciding with the highly anticipated regulatory regime of the special administrative region that enter into force earlier this month.
The three entities have been jointly participating in Hong Kong’s monetary authority (HKMA) Stablecoin Sandbox for more than a year in preparation for regulation.
It is expected that around 40 companies request licenses under the Stablcoin’s ordinance of Hong Kong, although the HKMA CEO, Eddie Yue, said the regulator would probably approve less than 10.
The stable are cryptographic tokens linked to the value of a traditional financial asset, such as a fiduciary currency, usually the US dollar. They have been a central part of the development of the regulatory supervision of the cryptocurrency in 2025, and the United States moved to regulate the stable by virtue of the Genius Law, as well as the advent of the license regime in Hong Kong.
