Animoca Brands has joined forces with Standard Chartered Bank (Hong Kong) and telecom company HKT to launch a new venture called Anchorpoint Financial Limited in Hong Kong.
As per the firm’s announcement, the goal is to create and manage licensed stablecoins under Hong Kong’s new Stablecoins Ordinance, which came into effect on August 1, 2025. Anchorpoint has already told the Hong Kong Monetary Authority (HKMA) it plans to apply for a stablecoin issuer license.
Evan Auyang, Animoca Brands’ Group President, said the partnership aims to bring stablecoins into the mainstream financial system. He believes stablecoins are one of the most important use cases in Web3 and will play a big role as more assets move onto the blockchain.
He added, “As assets continue to move on-chain, the HKMA-regulated fiat-referenced stablecoin is important in reinforcing Hong Kong’s position as a leading international financial center.”
Since July 2024, Animoca Brands, Standard Chartered, and HKT have been testing stablecoins in HKMA’s sandbox program. The pilot tested how stablecoins could bridge blockchain-based Web3 systems with mainstream finance to make financial markets and payment systems in Hong Kong better.
Hong Kong’s New Stablecoin Licensing Rules
The Hong Kong Monetary Authority (HKMA) introduced new stablecoin licensing regulations on July 29, 2025, mandating all issuers to acquire a license from August 1, 2025. The regulations also include local and overseas firms that provide stablecoins to Hong Kong residents, such as those backed by the HKD or USD.
The HKMA highlighted that permits had not yet been given, stressing that any company that claimed otherwise would be operating unlawfully under the new regime.
Also Read: Hong Kong’s RD Technologies Raises $40M Amid Stablecoin Licensing Buzz
