Animoca, Standard Chartered & HKT Launch Stablecoin Venture in Hong Kong

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Animoca Brands has partnered with Standard Chartered Bank and HKT to launch Anchorpoint Financial Limited. The new venture is set to apply for a stablecoin issuer license under Hong Kong’s recently implemented Stablecoins Ordinance, which came into effect on August 1. By combining their strengths in blockchain, banking, and telecom, this joint effort aims to launch a fully regulated digital currency and connect traditional finance with Hong Kong’s growing digital market.