New Era for Stablecoins: Animoca, HKT, and Standard Chartered Just Made a Bold Stablecoin Move
Web3 behemoth Animoca Brands is partnering with telecom leader HKT and banking behemoth Standard Chartered to introduce Anchorpoint Financial, a new stablecoin business in Hong Kong. Anchorpoint’s initial action was to formally inform the Hong Kong Monetary Authority (HKMA) of its interest in acquiring a stablecoin issuer license.
On August 1, 2025, the day the city’s new Stablecoins Ordinance went into force, the declaration was made. By requiring licensing for all fiat-backed stablecoin issuers in Hong Kong, this new rule aligns regulatory monitoring with international norms.
Anchorpoint’s Stablecoin Journey Began in 2024
This is not a new collaboration. The three businesses have been collaborating since July 2024 within the stablecoin issuer sandbox of the HKMA, a scheme that allows businesses to test stablecoin applications in a regulated setting. The objective has been to investigate the possibility of issuing a stablecoin that is based on the Hong Kong dollar (HKD). To sum up, the project by Anchorpoint is an example of a completely legal strategy for bringing fiat-backed stablecoins to the market.
HKMA’s Stablecoin Strategy Gains Momentum With Anchorpoint’s Game-Changing Move
An important milestone in Hong Kong’s efforts to establish itself as a preeminent, regulated hub for digital assets is Anchorpoint’s action. The HKMA seeks to improve financial stability and consumer protection by establishing a clear legal pathway for licensed, fiat-backed stablecoins, thereby bridging the gap between traditional finance and Web3 innovation. A prominent indication of the continuous endeavor to incorporate regulated stablecoins into traditional financial services is the joint venture.
For more up-to-date crypto news, you can follow Crypto Data Space.
