Major Web3 Investor Animoca Brands is formed by a Stablecoin Joint Venture (JV) with the Hong Kong Division of Multinational Bank Standard Chartered (2888).
JV, known as anchorpoint, also includes Hong Kong Telecom (Hkt) And aims to develop a business model for the release of licensed stablecoins, according to an email announcement Friday.
Anchorpoint expressed its interest in applying for a StableCoin Issuer license in Hong Kong which in conjunction with the special administrative region Most of the expected regulation of regulations Will take place At the start of this month.
The three creatures are jointly participating in the Hong Kong Monetary Authority (Hkma) Stablecoin sandbox For more than one year in preparation for regulation.
Around 40 companies are expected to apply for licensing Under the Hong Kong ordinance, HKMA CEO Eddie Yue said the regulator is likely to approve fewer than 10.
Stablecoins are crypto tokens Pegged to the value of a traditional financial possessionLike a fiat currency, the US dollar is usually. They became a central part of the development of cryptocurrency regulation administration in 2025, along with The US is moving to fix the stablecoins under the Genius ActAs well as the arrival of the licensing regime in Hong Kong.
