Standard Chartered and Animoca Brands form joint venture for Hong Kong stablecoin license

Standard Chartered and Animoca Brands have created Anchorpoint to pursue a stablecoin license aligned with Hong Kong’s regulatory framework. CEO Mary Huen emphasized the venture’s goal to enhance Hong Kong’s status as a digital asset hub.

Yat Siu, co-founder of Animoca Brands, stated that clearer regulations could enhance participation in the stablecoin ecosystem, aiding customer acquisition and innovation in the market.

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