2 1 Shi Ji Jing Ji Bao Dao·2025-08-08 11:34Core Viewpoint - Standard Chartered Bank has established a joint venture named Anchorpoint Financial Limited, focusing on issuing compliant stablecoins in Hong Kong, with the aim to enhance digital asset applications and support Hong Kong's status as an international financial center [1][3]. Company Summary - Anchorpoint Financial Limited was formed by Standard Chartered Bank (Hong Kong), Animoca Brands, and HKT, with the announcement of the joint venture made in February 2023 and the official registration completed by August 8, 2023 [1][2]. - The company has undergone three name changes during its formation, with the final name "Anchorpoint" symbolizing the anchoring of stablecoins to fiat currencies [2]. - The registered address of Anchorpoint is located at Standard Chartered Bank's headquarters in Central Hong Kong, indicating a strong institutional backing [2]. Industry Summary - Standard Chartered Bank is recognized as one of the three major note-issuing banks in Hong Kong and is considered a competitive applicant for stablecoin licenses [3]. - Anchorpoint expressed its intention to apply for a stablecoin issuance license to the Hong Kong Monetary Authority (HKMA) on August 1, 2023, coinciding with the enactment of the Stablecoin Regulation [3]. - The HKMA has received interest from numerous institutions since launching the stablecoin issuer sandbox in July 2022, but it plans to issue only a limited number of licenses initially, indicating a cautious regulatory approach [3]. - The establishment of stablecoins is viewed as crucial for reinforcing Hong Kong's position as a leading international financial center, especially as assets become increasingly digitized [4].