KEY TAKEAWAYS
- Animoca Brands has launched a joint venture, Anchorpoint Financial Limited, in collaboration with Standard Chartered Bank and HKT to focus on licensed stablecoins.
- Anchorpoint aims to integrate stablecoins into Hong Kong’s mainstream financial ecosystem, enhancing the city’s status as a global financial hub.
- The venture has applied for a stablecoin issuer license with the Hong Kong Monetary Authority, aligning with the new Stablecoins Ordinance.
- Participation in the HKMA stablecoin issuer sandbox highlights the potential of stablecoins in bridging Web3 and traditional finance.
Animoca Brands has announced the establishment of a joint venture named Anchorpoint Financial Limited in Hong Kong. This venture is formed in collaboration with Standard Chartered Bank (Hong Kong) Limited and HKT. The primary focus of Anchorpoint is to develop a business model centered on the issuance and advancement of licensed stablecoins.
Anchorpoint has formally expressed interest to the Hong Kong Monetary Authority (HKMA) in applying for a stablecoin issuer license. This application was made on August 1, 2025, coinciding with the enactment of the Stablecoins Ordinance.
Partnership Aims to Integrate Stablecoins into Mainstream Finance
Evan Auyang, Group President of Animoca Brands, highlighted the significance of this partnership. He stated that the collaboration aims to bring stablecoins into the mainstream financial ecosystem in Hong Kong. Auyang emphasized that stablecoins are a compelling use case within Web3, with potential for widespread adoption across both institutional and retail sectors.
He further noted that as assets increasingly move on-chain, a fiat-referenced stablecoin regulated by the HKMA is crucial for reinforcing Hong Kong’s status as a leading international financial center.
Exploring Stablecoin Potential in Financial Markets
Since July 2024, Animoca Brands, SCBHK, and HKT have been participating in the HKMA stablecoin issuer sandbox. This initiative explores how stablecoins can play a pivotal role in the development of financial markets and payments. The goal is to bridge the gap between Web3 and traditional finance, thereby strengthening Hong Kong’s position as a global digital assets hub.
For more details, the official announcement can be found here.
Why This Matters: Impact, Industry Trends & Expert Insights
Animoca Brands has formed a joint venture, Anchorpoint Financial Limited, in collaboration with Standard Chartered Bank and HKT to focus on issuing licensed stablecoins in Hong Kong. This move aligns with the enactment of the Stablecoins Ordinance on August 1, 2025.
A Linklaters report highlights that Hong Kong’s regulatory framework for stablecoins marks a significant step in aligning with global trends. The introduction of the Stablecoins Ordinance is a strategic move to position Hong Kong as a leader in virtual assets, which supports the joint venture’s goal of integrating stablecoins into mainstream finance.
According to McKinsey, stablecoins are poised to transform traditional finance by enhancing payment infrastructures and regulatory frameworks. This insight underscores the potential impact of Anchorpoint’s initiative, which aims to bridge the gap between Web3 and traditional finance in Hong Kong.
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