Animoca Brands announced today that it has formed a joint venture, Anchorpoint Financial Limited, with Standard Chartered Bank (Hong Kong) Limited (SCBHK) and HKT. The new company’s goal is to apply for a stablecoin issuer license in Hong Kong.
Anchorpoint formally expressed its interest to the Hong Kong Monetary Authority (HKMA) on August 1, 2025, the day the Stablecoins Ordinance came into effect.
According to Evan Auyang, group president of Animoca Brands, the partnership aims to bring stablecoins into Hong Kong’s mainstream financial ecosystem. “Stablecoins represent one of the most compelling use cases within Web3, and we believe we are still at the early frontier of widespread adoption,” Auyang said.
Since July 2024, the three companies have been participating in the HKMA’s stablecoin issuer sandbox. This initiative has allowed them to explore how stablecoins can link Web3 and traditional financial systems, a move that could strengthen Hong Kong’s position as a global digital assets hub.
