Animoca Brands and Partners Seek Stablecoin License in Hong Kong
Joerg Hiller Aug 08, 2025 15:54
Animoca Brands partners with Standard Chartered and HKT to apply for a stablecoin issuer license in Hong Kong, aiming to integrate stablecoins into the financial ecosystem.
Animoca Brands, a prominent player in the Web3 space, has announced a strategic collaboration with Standard Chartered Bank (Hong Kong) Limited (SCBHK) and HKT to establish Anchorpoint Financial Limited. This joint venture aims to secure a stablecoin issuer license in Hong Kong, according to Animoca Brands.
Strategic Move to Mainstream Stablecoins
Anchorpoint Financial Limited has formally expressed its interest in obtaining a stablecoin issuer license from the Hong Kong Monetary Authority (HKMA). This initiative follows the enactment of the Stablecoins Ordinance on August 1, 2025. Evan Auyang, the group president of Animoca Brands, highlighted the importance of stablecoins in bridging traditional finance with Web3 technologies, reinforcing Hong Kong's status as a leading international financial center.
Participation in the HKMA Sandbox
Since July 2024, Animoca Brands, SCBHK, and HKT have been actively involved in the HKMA's stablecoin issuer sandbox. This participation aims to explore the potential of stablecoins in enhancing financial markets and payment systems, thus strengthening Hong Kong's role as a global digital assets hub.
About Animoca Brands
Animoca Brands Corporation Limited is a leader in the Web3 industry, focusing on tokenization and blockchain to deliver digital property rights. The company is recognized for its significant contributions to the open metaverse and has been featured in prestigious rankings such as Fortune Crypto 40 and Financial Times’ High Growth Companies Asia-Pacific.
Animoca Brands operates through three business pillars: advancing blockchain adoption through native projects, providing digital asset advisory services, and managing investments in over 540 companies, including industry leaders like Yuga Labs and OpenSea.
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