what's Anchorpoint Financial Limited?

Anchorpoint Financial Limited is a joint venture established in Hong Kong by Animoca Brands, Standard Chartered Bank (Hong Kong) Limited, and HKT. The company focuses on obtaining a stablecoin issuer license from the Hong Kong Monetary Authority (HKMA) to issue fiat-referenced, HKD-backed stablecoins. Drawing on the partners' strengths in Web3 technology, banking infrastructure, and telecommunications, Anchorpoint aims to integrate stablecoins into mainstream financial ecosystems for applications like payments and cross-border transactions. Participating in the HKMA's stablecoin issuer sandbox since 2024, Anchorpoint formally expressed interest in the license application coinciding with the Stablecoins Ordinance's effective date in August 2025. The venture emphasizes regulatory compliance, full reserve backing, and bridging traditional finance with blockchain to position Hong Kong as a leading digital asset hub.