The major brands of an animoca web investor have formed a stablecoin joint venture (JV) with the Hong Kong division of the Multinational Bank Standard Charter (2888).
The JV, known as Anchorpoint, also includes Hong Kong telecommunications (HKT) And aims to create a business model for the publication of approved stablescoins, according to an ad sent by email on Friday.
Anchorpoint expressed interest in requesting a stablecoin transmitter license in Hong Kong coinciding with the highly anticipated regulatory regime of the special administrative region between the beginning of this month.
The three entities participated jointly in Hong Kong Monetary Authority (HKMA) Sandbox with shock for more than a year in preparation for the regulations.
Forty companies should request licenses under the Hong Kong Stablescoin order, although HKMA CEO, Eddie Yue said that the regulator was to approve less than 10.
Stablecoins are cryptographic tokens set for the value of a traditional financial asset, such as a fiduciary currency, generally the US dollar. They were a central element in the development of regulatory surveillance of cryptocurrency in 2025, the United States moving to regulate stablecoins under the engineering law, as well as the advent of the license regime in Hong Kong.
