Animoca Forms Hong Kong Stablecoin Venture with Standard Chartered, HKT

Animoca Brands, Standard Chartered Bank (Hong Kong), and Hong Kong Telecom have formed Anchorpoint Financial in Hong Kong to pursue a stablecoin issuer license with the recent Stablecoin Ordinance.

This collaboration highlights Hong Kong’s regulatory framework’s importance, potentially positioning the region at the forefront of stablecoin adoption and fostering broader financial innovation.

Anchorpoint’s Strategic Impact on Hong Kong’s Financial Landscape

The formation of Anchorpoint brings together industry leaders in finance and telecommunications. Animoca Brands, a significant player in Web3 infrastructure, joins forces with Standard Chartered and HKT, aiming to drive compliant stablecoin adoption in Hong Kong. This venture highlights the commitment of these companies to a licensed and structured approach to digital assets through the newly enacted ordinance.

The anticipated introduction of HKD-backed and multi-fiat stablecoins through Anchorpoint is expected to foster connectivity between finance and telecommunications sectors. This move could impact regional financial infrastructures, promoting stablecoin integration with existing digital asset systems and causing potential shifts in local liquidity patterns. Initial capitalization for Anchorpoint reportedly exceeds HKD 250 million (~USD 32 million).

Industry reactions have been optimistic, with Mary Huen, CEO of Standard Chartered HK, expressing enthusiasm for aligning with new regulatory regimes. “We are moving forward with a stablecoin issuer license application,” Huen noted via LinkedIn. Similarly, Yat Siu from Animoca Brands emphasized the venture’s role in establishing an open Web3 infrastructure. He stated, “Officially launching Anchorpoint with @StanChartHK and @HKTelecom to drive licensed stablecoin adoption in HK. Our commitment to compliant, open #Web3 infrastructure continues.”

Meanwhile, community discussions, particularly on Twitter and Reddit, reflect hopes for enhanced market integrity and cautious optimism regarding consumer protection and compliance standards.

Regulatory Environment Sparks Optimism Among Industry Leaders

Did you know? The introduction of the Stablecoin Ordinance in Hong Kong mirrors previous regional regulatory efforts, like Singapore’s MAS stablecoin framework, which saw USDC volumes grow by 12%. Such regulatory clarity has historically boosted market participation and liquidity in regulated environments.

As of August 8, 2025, Ethereum (ETH) trades at $3,894.46, reflecting a 1.33% increase over the past 24 hours, according to CoinMarketCap. The cryptocurrency’s market cap has reached formatNumber(470097679611, 2), thus commanding a 12.16% market dominance. ETH’s price has surged by 61.53% over 90 days, underscoring substantial market activity. The circulating supply remains at 120,709,227.57.

From a regulatory standpoint, Coincu’s research team suggests that Hong Kong’s stablecoin licensing environment could stimulate broader institutional adoption across Asia. Such developments may potentially align financial regulations more closely with technological advancements, fostering a robust ecosystem for compliant crypto-assets. This move might also influence international regulatory discourse, as other jurisdictions consider similar frameworks.