Animoca Brands-Led Consortium Initiates Stablecoin Licensing in Hong Kong

Animoca Brands, in collaboration with Standard Chartered and Hong Kong Telecommunications (HKT), has commenced the regulatory process to establish a licensed stablecoin operation in Hong Kong.

Their joint venture, Anchorpoint Financial Limited, formally registered its intent with the Hong Kong Monetary Authority (HKMA) on August 1.

This follows the enactment of Hong Kong’s Stablecoins Ordinance, which imposes licensing requirements for fiat-referenced stablecoin issuers.

“Regulated stablecoins are essential for institutional trust and broader Web3 adoption,” stated Evan Auyang, Group President of Animoca Brands.