Animoca Joins Stablecoin Race in Hong Kong

Coinomedia2025/08/08 08:40

By:Ava NakamuraAva Nakamura

Animoca, Standard Chartered, and HKT launch Anchorpoint Financial to apply for Hong Kong stablecoin issuer license.Who Is Behind Anchorpoint Financial?Why the Stablecoins Ordinance Matters

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Animoca collaborates with major firms to launch Anchorpoint Financial
New firm applies for Hong Kong stablecoin issuer license
Follows Hong Kong’s new Stablecoins Ordinance effective August 1

Hong Kong’s evolving digital asset landscape is attracting serious players. Animoca Brands, in partnership with Standard Chartered Bank and HKT, has announced the formation of Anchorpoint Financial Limited, a new joint venture aiming to become a licensed Hong Kong stablecoin issuer.

The launch of Anchorpoint comes right after the implementation of the Stablecoins Ordinance on August 1, signaling a fresh regulatory framework for stablecoin issuance in the region. The timing reflects strategic planning by the three partners to capitalize on Hong Kong’s new approach to crypto regulation .

Who Is Behind Anchorpoint Financial?

Animoca Brands, well-known in the blockchain gaming and metaverse sectors, is stepping into the fintech space with this new move. Teaming up with Standard Chartered Bank, a global banking giant, and HKT, Hong Kong’s leading telecom company, brings credibility, infrastructure, and institutional backing to the project.

Together, the trio brings a unique mix of crypto innovation, financial compliance expertise, and technical infrastructure. This partnership aims to create a stablecoin that aligns with Hong Kong’s monetary and regulatory standards, while offering value in both local and international digital finance.

🇭🇰 JUST IN: Animoca Brands partners with Standard Chartered Bank and HKT to establish Anchorpoint Financial Limited, applying for Hong Kong stablecoin issuer license following the new Stablecoins Ordinance that took effect August 1. pic.twitter.com/fUie8RIdCk
— Cointelegraph (@Cointelegraph) August 8, 2025

Why the Stablecoins Ordinance Matters

The Stablecoins Ordinance, effective August 1, introduces a licensing regime for stablecoin issuers in Hong Kong. It’s designed to ensure that issuers are well-governed, capitalized, and transparent. For companies like Anchorpoint Financial, obtaining this license would be a major step in operating legally and gaining public trust in Hong Kong’s maturing crypto market .

With regulatory clarity finally in place, Hong Kong is becoming a promising hub for compliant and secure stablecoin operations. Anchorpoint’s early application suggests it wants to be among the first to benefit from this new regime.

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Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

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