SCB, Animoca & HKT Don Launch JV for HK Stablecoin License

Standard Chartered, Web3 investor Animoca Brands plus telecom oga HKT don start one joint venture wey dem call Anchorpoint Financial, for apply Hong Kong stablecoin license. The company submit dia application to Hong Kong Monetary Authority (HKMA) for August 1 under the new Stablecoin Ordinance wey dem put for place to make sure say reserve management tight, transparency dey plus audit requirement for fiat-backed tokens. Anchorpoint Financial combine Standard Chartered note-issuing bank status with Animoca Brands blockchain skills and HKT telecom infrastructure. After dem enter HKMA sandbox for February, the company wan issue licensed HKD stablecoin as part of Hong Kong mainstream financial system. Dem dey expect the license by 2026 before the full rules go start. This one follow Standard Chartered last month wey launch institutional spot trading desks for Bitcoin (BTC) and Ethereum (ETH). Big players like JD.com and Ant International still wan get Hong Kong stablecoin license, showing how institution dem dey interested in regulated digital assets.