Animoca Brands, a leading company in the Web3 space, has announced the formation of a strategic joint venture with Standard Chartered Bank (Hong Kong) and HKT. The new entity, named Anchorpoint Financial Limited, aims to secure a stablecoin license, marking a significant milestone in the evolution of digital financial services.

The collaboration brings together Animoca Brands’ expertise in blockchain and digital assets, Standard Chartered’s global banking network and regulatory experience, and HKT’s technological infrastructure. This powerful alliance is expected to develop compliant and reliable stablecoin solutions that cater to both institutional and retail markets.

With the demand for regulated digital currencies on the rise, the stablecoin license application positions the joint venture to play a pivotal role in the future of payments, cross-border transactions, and Web3 integration. If approved, Anchorpoint Financial Limited could become a cornerstone in Hong Kong’s ambition to be a global hub for digital finance innovation.