Animoca and Standard Chartered Partner to Launch Regulated Hong Kong Stablecoin
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Animoca Brands, in partnership with Standard Chartered and HKT, is moving forward with plans to issue a licensed stablecoin in Hong Kong.
Their joint venture, Anchorpoint Financial Limited, has officially started the application process under the city’s new stablecoin regulations.
The HKMA’s Stablecoins Ordinance, effective August 1, requires issuers to obtain approval before offering fiat-backed stablecoins. Animoca sees the move as critical for institutional and retail adoption.
“Stablecoins are a cornerstone of Web3’s growth,” said Animoca President Evan Auyang. “This reinforces Hong Kong’s position in digital finance.”
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