Animoca Brands, Standard Chartered Bank (Hong Kong), and HKT have established a joint venture named Anchorpoint Financial Limited to pursue a stablecoin issuer license under Hong Kong's new Stablecoins Ordinance, which took effect on August 1, 2025. Anchorpoint aims to build a business model focused on the issuance and advancement of licensed stablecoins in the region. This initiative marks one of the first formal applications for a stablecoin license with the Hong Kong Monetary Authority (HKMA) following the introduction of the new regulatory framework. The collaboration positions the joint venture to participate in the emerging Hong Kong dollar (HKD) stablecoin market.