A new player is lining up to enter Hong Kong’s regulated stablecoin market. Standard Chartered’s local division has teamed up with Web3 investor Animoca Brands and telecom provider HKT to create Anchorpoint Financial, a venture aimed at issuing licensed fiat-pegged tokens.
The move comes just after Hong Kong’s Stablecoin Ordinance took effect, requiring issuers to obtain approval from the Hong Kong Monetary Authority.
Anchorpoint has already signaled its intention to apply, but industry watchers believe no licenses will be granted before 2026 — and only a small group is expected to pass the first round.
The partnership blends institutional banking expertise, blockchain industry reach, and telecom infrastructure, positioning Anchorpoint as a potential early leader if approval is secured. Animoca’s Evan Auyang says the goal is to integrate stablecoins into everyday finance, with adoption across retail and institutional channels.
While regulatory groundwork is being laid in Hong Kong, Bitcoin has been hovering near $116,000 after briefly topping $117,000 this week.
On-chain analytics from Glassnode show small-scale investors have been quietly soaking up more BTC than miners are producing, hinting at a resilient base of demand even amid market pullbacks.
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Source: https://coindoo.com/standard-chartered-animoca-and-hkt-target-hong-kongs-first-stablecoin-license/