Standard Chartered Bank (Hong Kong) Limited (SCBHK) has established a joint venture, Anchorpoint Financial Limited in Hong Kong, together with Animoca Brands and HKT, with the aim to build a business model focused on the issuance and advancement of licensed stablecoins.
Anchorpoint has indicated formal interest with the Hong Kong Monetary Authority (HKMA) in applying for a stablecoin issuer licence on 1 August 2025, when the Stablecoins Ordinance came into effect.
Mary Huen, Chief Executive Officer, Hong Kong and Greater China & North Asia, Standard Chartered, said:
“Standard Chartered is pleased to set up Anchorpoint alongside our strategic partners, Animoca Brands and HKT, with a vision to bring an innovative, efficient and secure medium of exchange to Hong Kong, and further facilitate transaction convenience and broaden the usage of digital assets. We believe stablecoins will play an important role in building a sustainable digital asset ecosystem in Hong Kong and are dedicated to playing a role in supporting Hong Kong as an international financial centre and digital assets hub.”
SCBHK, Animoca Brands and HKT jointly participated in the HKMA Stablecoin Issuer Sandbox, which was launched in July 2024, to explore how stablecoins can play a key role in the development of financial markets and payments by bridging Web3 and traditional finance, thus strengthening Hong Kong’s position as a global digital assets hub.
