Anchorpoint applies for stablecoin issuer license under Hong Kong’s new Stablecoins Ordinance. Joint venture tests stablecoins in HKMA sandbox to bridge Web3 and traditional finance. Licensed stablecoins aim to boost transactional efficiency and strengthen HK’s digital asset hub. Web3 giant Animoca Brands is teaming up with banking heavyweight Standard Chartered and telecom leader HKT to launch a new stablecoin venture in Hong Kong called Anchorpoint Financial. Why the rush: This venture is part of a massive global trend. Here’s our report on the record-breaking growth of the stablecoin market . First in Line for a New Hong Kong License Anchorpoint’s first move was to formally declare its interest in obtaining a stablecoin issuer license to the Hong Kong Monetary Authority (HKMA). The declaration was made on August 1, 2025, the very day the city’s new Stablecoins Ordinance took effect. This new law requires all issuers of fiat-backed stablecoins in Hong Kong to be licensed, bringing regulatory oversight in line with global standards. A Year in the Making: The Regulatory Sandbox This partnership isn’t new. The three companies have been worki… The post Animoca, Standard Chartered, and HKT Form Joint Venture to Seek HKMA Stablecoin License appeared first on Coin Edition .