Standard Chartered Hong Kong and Animoca Brands launched a joint venture to develop and issue a Hong Kong dollar-pegged stablecoin under the Hong Kong Monetary Authority’s (HKMA) new regulated framework.
The Hong Kong subsidiary of the British multinational financial company Standard Chartered and Web3 solutions developer Animoca Brands announced the creation of a joint company, Anchorpoint Financial Limited, to issue a licensed stablecoin pegged to the Hong Kong dollar.
The new entity already submitted an official notification to the HKMA expressing its intention to obtain a stablecoin issuer license. Anchorpoint Financial plans to develop a business model for issuing and scaling stablecoins in compliance with the regulator’s new requirements.
Under Hong Kong’s regulatory framework, all issuers of fiat-pegged digital assets are required to obtain an HKMA license. According to the latest update, local companies will have a six-month transition period during which their activities will be strictly supervised.
Standard Chartered and Animoca Brands were collaborating since February, when they first announced plans to issue an HKD stablecoin. Earlier in 2024, both companies also took part in the HKMA’s sandbox program for stablecoin issuers.
Meanwhile, Animoca Brands announced its expansion into the tokenized real-world asset (RWA) sector by launching the NUVA marketplace on Provenance Blockchain. The platform offers two products from Figure Technologies:
- YLDS, a yielding stablecoin approved by the U.S. SEC;
- HELOC, a pool of high-quality home equity loans.
The new infrastructure uses an innovative model in which tokenized products are grouped into separate secured “vaults.” This approach simplifies investor access and improves the liquidity of assets that are typically hard to sell. The initiative aims to consolidate fragmented tokenized asset trading platforms and provide institutional investors with access.
The stablecoin market is growing rapidly amid increasing global regulatory clarity. In H1 2025, stablecoin market capitalization rose by around 22%, while on-chain payments using stablecoins increased by 225% year-on-year.
Previously, CoinsPaid CEO Max Krupyshev emphasized that companies are increasingly adopting stable digital assets as a convenient and transparent settlement tool. “Stablecoins provide stability, flexibility of use, and easy integration,” Max noted, adding that about 86% of companies view them as a way to modernize traditional financial systems.
