Animoca establishes joint venture to seek Hong Kong stablecoin license

Animoca Brands, Standard Chartered Bank (Hong Kong) Limited, and Hong Kong Telecom have established a joint venture named Anchorpoint Financial Ltd. The goal is to seek a stablecoin issuer license in Hong Kong. The three-party partnership structure of Anchorpoint reveals how stablecoin infrastructure requires expertise spanning traditional banking, blockchain technology, and telecommunications networks. Standard Chartered Bank brings traditional banking compliance and reserve management capabilities, Animoca Brands contributes Web3 ecosystem knowledge through operating blockchain projects such as The Sandbox, and HKT provides the crucial telecommunications infrastructure for payment processing. This partnership reflects the multi-dimensional technological and regulatory challenges of stablecoin issuance, challenges that go far beyond simple cryptocurrency creation.