licensed stablecoin issuance Hong Kong

Key Points:* Animoca, Standard Chartered, and HKT are forming a stablecoin joint venture.

• Anchorpoint will apply for a stablecoin issuer license with the HKMA.
• This initiative aims to mainstream stablecoin use in Hong Kong’s financial sector. On August 8, Animoca Brands, Standard Chartered Bank (Hong Kong), and Hong Kong Telecom established Anchorpoint Financial Ltd. in Hong Kong to apply for a stablecoin issuer license.

This move by reputable entities is pivotal as it signals growing institutional involvement in stablecoin issuance, potentially enhancing Hong Kong’s status as a financial hub.

Anchorpoint Launches for Licensed HKD Stablecoin Issuance

Animoca Brands, Standard Chartered, and Hong Kong Telecom have launched Anchorpoint Financial Ltd., focusing on issuing licensed stablecoins in Hong Kong. Evan Auyang, Group President of Animoca Brands, emphasized the project’s alignment with Hong Kong’s financial ambitions and stablecoins’ crucial role in the Web3 ecosystem. Animoca Brands’ Group President, Evan Auyang, stated:

The joint venture aims to introduce an HKD-backed stablecoin under the HKMA’s regulatory framework. Anchorpoint Financial’s move to seek a stablecoin issuer license signifies a notable advancement in digital financial solutions. This approach could reshape digital transactions within Hong Kong and beyond.

Animoca Brands is proud to partner with Standard Chartered and HKT to form Anchorpoint in applying for a stablecoin issuer license under the HKMA, with a view to bringing stablecoins into the mainstream financial ecosystem in Hong Kong.

Initial reactions from financial communities highlight anticipation for regulatory clarity and expanded institutional participation. However, no major industry leaders or influencers have publicly commented on the endeavor as of this announcement. The partnership with renowned financial and tech entities has drawn significant attention to the potential benefits for the financial sector.

Market Reactions and Potential Impacts on Financial Ecosystem

Did you know? Historical precedence, especially in markets aligned with HKD, suggests probable growth in stablecoin utility as financial regulations evolve.

Ethereum’s market activity shows promising trends. According to CoinMarketCap, ETH is priced at $3,945.08 with a market cap of $476.21 billion, recording a 7.83% increase in the last 24 hours and a 51.90% rise over the past 30 days. These numbers underline its significance in the cryptocurrency ecosystem.

Ethereum(ETH), daily chart, screenshot on CoinMarketCap at 03:37 UTC on August 8, 2025. Source: CoinMarketCap Coincu research analysts highlight that regulated stablecoin initiatives in Hong Kong could potentially set a framework for other markets, attracting further institutional interest. For additional context, refer to the developments in Hong Kong’s SFC roadmap for virtual asset regulation.

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