Stablecoins will play an important role in building a sustainable digital asset ecosystem in Hong Kong, Standard Chartered’s Mary Huen says
Anchorpoint Financial, a joint venture formed by Standard Chartered Bank, Animoca Brands and Hong Kong Telecommunications (HKT), plans to apply for a stablecoin licence, making it the first entity in Hong Kong to formally initiate the process under the stablecoin ordinance.
Anchorpoint expressed its formal interest with the Hong Kong Monetary Authority (HKMA) in applying for the licence on August 1, when the law took effect, it said in a statement on Friday.
“We believe stablecoins will play an important role in building a sustainable digital asset ecosystem in Hong Kong and are dedicated to playing a role in supporting Hong Kong as an international financial centre and digital assets hub,” said Mary Huen Wai-yi, CEO of Hong Kong, Greater China and North Asia at Standard Chartered, in the statement.
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