- Anchorpoint applies for stablecoin issuer license under Hong Kong’s new Stablecoins Ordinance.
- Joint venture tests stablecoins in HKMA sandbox to bridge Web3 and traditional finance.
- Licensed stablecoins aim to boost transactional efficiency and strengthen HK’s digital asset hub.
Web3 giant Animoca Brands is teaming up with banking heavyweight Standard Chartered and telecom leader HKT to launch a new stablecoin venture in Hong Kong called Anchorpoint Financial.
Why the rush: This venture is part of a massive global trend. Here’s our report on the record-breaking growth of the stablecoin market.
First in Line for a New Hong Kong License
Anchorpoint’s first move was to formally declare its interest in obtaining a stablecoin issuer license to the Hong Kong Monetary Authority (HKMA).
The declaration was made on August 1, 2025, the very day the city’s new Stablecoins Ordinance took effect. This new law requires all issuers of fiat-backed stablecoins in Hong Kong to be licensed, bringing regulatory oversight in line with global standards.
A Year in the Making: The Regulatory Sandbox
This partnership isn’t new. The three companies have been working together since July 2024 inside the HKMA’s stablecoin issuer sandbox, a program designed to let firms test stablecoin applications in a controlled environment.
The goal has been to explore the issuance of a stablecoin pegged to the Hong Kong dollar (HKD). Anchorpoint’s initiative represents a fully compliant approach to introducing fiat-backed stablecoins into the region.
What This Means for Hong Kong’s Web3 Future
This move by Anchorpoint is a major step in Hong Kong’s push to become a leading, regulated hub for digital assets. By creating a clear legal path for licensed, fiat-backed stablecoins, the HKMA aims to boost consumer protection and financial stability while bridging the gap between Web3 innovation and traditional finance.
The joint venture is a clear signal of the ongoing effort to integrate licensed stablecoins into mainstream financial services.
Another big move: Partnerships aren’t the only way to grow. CoinEdition had covered how Ripple is spending big to forge its way into the stablecoin space.
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