Animoca Brands Partner for Hong Kong Stablecoin License, Here’s All

Key Insights:

• Animoca Brands, Standard Chartered, and HKT form Anchorpoint to apply for Hong Kong stablecoin license.
• The stablecoin issuer license process aligns with HKMA’s Stablecoins Ordinance
• Anchorpoint aims to bridge Web3 and traditional finance,

Animoca Brands, in conjunction with Standard Chartered Bank (Hong Kong) and telecommunications giant HKT, declared the establishment of a joint venture company, Anchorpoint Financial Limited. The venture has sought to have a license to issue stablecoins as part of the newly rolled out Stablecoins Ordinance in Hong Kong.

The collaboration aims to launch controlled, fiat-collateralized stablecoins into the Hong Kong market.

Animoca Brands, Standard Chartered Partner for Hong Kong Stablecoin License

According to a recent announcement, Animoca Brands, in partnership with Standard Chartered and HKT, established Anchorpoint Financial Limited. This joint venture is now seeking a stablecoin issuer license under Hong Kong’s Stablecoins Ordinance, which became effective on August 1, 2025.

According to the ordinance, fiat-based stablecoin issuers are required to secure the licensing of the Hong Kong Monetary Authority (HKMA). This juridical framework is designed to give stablecoins a regulated system that would be highly crucial in web3 and digital finance.

The application of Anchorpoint signifies a step toward the normalization of Web3 and the conventional finance processes. Its venture unites the experience of Animoca in blockchain technology, Standard Chartered’s financial capability, and HKT’s telecommunications infrastructure.

Its objective is to build a stablecoin that can target retail and institutional markets and help Hong Kong realize its vision.

Anchorpoint’s Application for Stablecoin Issuer License

Formally, Anchorpoint Financial is actively working on the launch of the HKMA to be provided with the stablecoin issuer license. The application itself is stated to have begun on August 1, 2025, following the formal expression of interest.

This followed the introduction of the new regulatory framework for stablecoins, according to which every issuer must be capital sufficient, maintain reserves, and face cybersecurity requirements.

In pursuit of this license, Anchorpoint is planning to become one of the first and leaders of the regulated stablecoins market, taking advantage of Hong Kong as a financial center.

The implementation correlates with Anchorpoint’s aim to stimulate the use of stablecoins in the Web3 community and fill the gap between the developing and traditional finance systems.

It is important to mention that the project is timely due to the surging adoption of digital assets, which has spurred the need to have regulated stablecoins supported by fiat. By using this project, Animoca, Standard Chartered, and HKT hope to develop a stablecoin infrastructure.

Collaborative Effort to Bridge Web3 and Traditional Finance

Such a partnership between Animoca Brands, Standard Chartered, and HKT is a strategic move to integrate traditional financial services and digital finance. The organization will also use the partners, their strengths, blockchain innovation, and long-established financial experience.

Thus, the strategy aims to develop a stablecoin that can be incorporated into Web3 developments. And the rest of the financial sphere.

More so, the initiative comes at a critical time as the digital asset industry matures. The role of stablecoins in the financial market is becoming important. Especially in cross-border payments, trade finance, and digital asset markets.

Hong Kong’s Stablecoins Ordinance and Future Prospects

The Stablecoins Ordinance issued by Hong Kong government gives an apparent regulation to the issuers of stablecoins. According to the ordinance, companies desiring to issue fiat-backed stablecoins had to adhere to the regulatory measures. Including capital adequacy, management of reserves and cybersecurity procedures.

The actions will aim to stabilize and secure the digital assets in circulation and safeguard consumers and financial institutions.

Anchorpoint Financial’s request to obtain the stablecoin issuer license comes as the GENIUS Act is enacted in the United States. This act established a federal framework for stablecoin regulation.

According to GENIUS Act, issuers of stablecoins must have sufficient reserves and present transparency and consumer protection.

Disclaimer

This article is for informational purposes only and provides no financial, investment, or other advice. The author or any people mentioned in this article are not responsible for any financial loss. That may occur from investing in or trading. Please do your research before making any financial decisions.