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Standard Chartered Hong Kong and Animoca Brands have initiated a partnership to create and launch a stablecoin pegged to the Hong Kong dollar, adhering to the new regulatory framework established by the Hong Kong Monetary Authority (HKMA).
The Hong Kong branch of the British multinational financial institution Standard Chartered, along with Web3 solutions provider Animoca Brands, has revealed the formation of a joint venture, Anchorpoint Financial Limited, aimed at issuing a licensed stablecoin linked to the Hong Kong dollar.
The newly established entity has already filed an official notice with the HKMA indicating its desire to secure a stablecoin issuer license. Anchorpoint Financial intends to create a business model for the issuance and expansion of stablecoins that aligns with the regulator’s updated requirements.
According to Hong Kong’s regulatory guidelines, all issuers of fiat-pegged digital currencies must acquire an HKMA license. As per the latest information, local firms will be granted a six-month transition phase during which their operations will be closely monitored.
Standard Chartered and Animoca Brands have been working together since February, when they initially announced their intention to launch an HKD stablecoin. Earlier in 2024, both entities also participated in the HKMA’s sandbox initiative for stablecoin issuers.
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In addition, Animoca Brands has declared its entry into the tokenized real-world asset (RWA) market by introducing the NUVA marketplace on Provenance Blockchain. This platform features two offerings from Figure Technologies:
- YLDS, a yielding stablecoin sanctioned by the U.S. SEC;
- HELOC, a collection of high-quality home equity loans.
The new framework employs an innovative model where tokenized products are organized into distinct secured “vaults.” This strategy enhances investor accessibility and boosts the liquidity of assets that are generally difficult to trade. The initiative seeks to unify fragmented tokenized asset trading platforms and grant institutional investors access.
The stablecoin sector is expanding swiftly in response to growing global regulatory clarity. In the first half of 2025, the market capitalization of stablecoins increased by approximately 22%, while on-chain transactions utilizing stablecoins surged by 225% year-on-year.
Previously, CoinsPaid CEO Max Krupyshev highlighted that businesses are progressively embracing stable digital assets as a practical and transparent means of settlement. “Stablecoins offer stability, versatility in usage, and seamless integration,” Max remarked, noting that around 86% of companies consider them a method to modernize conventional financial systems.
Сообщение Standard Chartered and Animoca Brands Establish Stablecoin Issuer in Hong Kong появились сначала на CoinsPaid Media.
