Stablecoin News: Animoca Brands, Standard Chartered Establish JV in Hong Kong

Standard Chartered Partners with Animoca to Target HK Stablecoin License

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Stablecoin News: Animoca Brands, Standard Chartered Establish JV in Hong Kong

The joint venture, known as Anchorpoint, also includes Hong Kong Telecom and aims to build a business model for the issuance of licensed stablecoins.

Standard Chartered forms joint venture to apply for Hong Kong stablecoin licence

Stablecoins will play an important role in building a sustainable digital asset ecosystem in Hong Kong, Standard Chartered’s Mary Huen says.

Standard Chartered To Apply For HK Stablecoin License In JV

Standard Chartered has partnered up with Animoca Brands and HKT to apply for a license under Hong Kong’s new stablecoin regime. Standard Chartered’s JV First To Apply For Hong Kong Stablecoin License According to a press release from Animoca Brands, the company has come together with Standard Chartered’s Hong Kong branch and Hong Kong Telecom (HKT) to form a joint venture (JV): Anchorpoint Financial. The aim of the JV is to “build a business mod…

Standard Chartered, Animoca Brands, and HKT Form Stablecoin Venture

Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands, and HKT have signed agreements to establish a joint venture with the goal of applying for a license from the Hong Kong Monetary Authority (HKMA) under the city’s new regulatory framework for stablecoins. The initiative seeks to launch a Hong Kong dollar-backed stablecoin, positioning the venture as one of the first licensed issuers in the region. SCBHK plans to contribute its e…

Animoca, Standard Chartered, HKT seek first Hong Kong stablecoin ...