StoryPartnership
Standard Chartered, Animoca Brands and HKT form Anchorpoint to seek a Hong Kong stablecoin licence
Anchorpoint FinancialHKDAP (HKD At Par)
The three partners announced Anchorpoint Financial, a joint venture to issue licensed stablecoins in Hong Kong, and said it had told the HKMA it would apply for a licence on 1 August 2025, the day the Stablecoins Ordinance took effect. They had been testing a Hong Kong dollar stablecoin in the HKMA sandbox since July 2024.
- Partners: Standard Chartered Bank (Hong Kong), Animoca Brands and HKT.
- Hong Kong's Stablecoins Ordinance took effect on 1 August 2025.
- Joint sandbox testing with the HKMA began in July 2024.