A major player is stepping into Hong Kong’s newly regulated stablecoin market. Animoca Brands, alongside banking giant Standard Chartered and telecom leader HKT, has officially started the process to obtain a stablecoin license through their joint venture, Anchorpoint Financial Limited.
The move comes as Hong Kong’s Stablecoins Ordinance takes full effect, requiring issuers to secure HKMA approval. Animoca’s leadership sees this as a pivotal moment for blockchain adoption.
“We’re at the forefront of stablecoin innovation,” said Animoca’s Evan Auyang. “This will cement Hong Kong’s status as a digital finance leader.”
