Animoca Brands, Standard Chartered, and HKT have launched Anchorpoint Financial Limited to apply for a licensed HKD stablecoin under Hong Kong’s new framework, effective August 1, 2025.
The initiative signifies a pivotal move for stablecoin regulation in Hong Kong, potentially impacting digital asset markets by fostering institutional and retail adoption in a secure, regulated environment.
Animoca Brands and Standard Chartered seek a stablecoin license under Hong Kong’s new framework, aiming to strengthen its financial hub status.
The joint venture Anchorpoint Financial Limited seeks an HKD stablecoin issuer license in Hong Kong, led by Animoca Brands, Standard Chartered, and HKT. This move positions them at the forefront of regulated digital assets.
Animoca and Standard Chartered Lead HK Stablecoin Initiative
Animoca Brands, Standard Chartered, and HKT partnered to form Anchorpoint, aiming to license a stablecoin under Hong Kong’s new regulations. This collaboration highlights a shift toward a structured digital currency framework.
Evan Auyang, Group President, Animoca Brands, said, “Animoca Brands is proud to partner with Standard Chartered and HKT to form Anchorpoint… Stablecoins represent one of the most compelling use cases within Web3, and we believe we are still at the early frontier of widespread adoption across institutions and retail alike.”
Stablecoin Usage to Boost Hong Kong’s Crypto Market
Anticipated financial gains could arise from the surge in digital asset adoption and broader stablecoin usage. The project’s regulated nature could further bolster investments in Hong Kong’s crypto ecosystem.
Stablecoin initiatives like Anchorpoint may enhance Hong Kong’s status as a digital finance leader. Historical data indicates a rise in liquidity following similar regulatory advances. The outcomes could substantially impact regional cryptocurrency infrastructure.
Hong Kong’s Stablecoin Path Mirrors Global Trends
Comparable precedents include the USDC and USDT regulatory approvals. Such milestones have historically increased total value locked (TVL) and market engagement, suggesting potential market expansion for Hong Kong coins.
Experts from Kanalcoin highlight potential shifts in crypto markets, driven by comprehensive frameworks for stablecoins. Drawing from past trends, this stability could incite diverse investments and adoption growth in Asia-Pacific crypto sectors.
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