Animoca Brands, in collaboration with Standard Chartered and Hong Kong Telecommunications (HKT), is officially seeking a stablecoin license in Hong Kong. Their joint venture, Anchorpoint Financial Limited, formally expressed interest in applying for a stablecoin issuer license with the local regulator on August 1.
This move is the first step in the licensing process under Hong Kong's new Stablecoins Ordinance, which also took effect on August 1. The new law requires all issuers of fiat-backed stablecoins to be licensed by the Hong Kong Monetary Authority (HKMA).
According to Evan Auyang, group president of Animoca Brands, this initiative is crucial for reinforcing Hong Kong's status as a top financial center, particularly as more assets move onto the blockchain. The JV, which previously participated in the HKMA's stablecoin regulatory sandbox, intends to explore how stablecoins can bridge Web3 and traditional finance.
August 2025, Cryptoniteuae