Animoka brands have formed a joint venture with Standard Founded Bank (Hong Kong) and HKT to seek a stabechoin issuing license in Hong Kong.
Summary
- Animoka, Standard Chater, and HKT launch anchorpoint to apply for an HKMA Stabecoin license.
- The trio tested regulated stabilities in HKMA Sandbox in 2024.
- Only one first applicant is expected to win approval.
Garbage for 1 August. 8 press release, new unit, anchorpoint Financial Limited, on August 1, filed their application with the monetary authority of Hong Kong, the day the Stabycin ordinance of the city came into force.
Animoka group president Ivan Auang said that the purpose of the partnership is to bridge
Three companies have participated in HKMA’s Stabelcoin Sandbox since July 2024, test use in cases that support both sofas institution and retail. The ordinance states that StableCoin string allows the redemption of string management processes, mainten fiat reserves, and a business day.
Push for regulated stabelines in Hong Kong
More than 40 businesses, including large banks and tech companies, have applied for licenses, it is expected that only a small part of these applications will be approved. Other Sandbox participants include Jingdong Coinlink Technology and RD Inotech, which are Hong Kong Kong Kong Kong Dollar – supported Stabecrims.
The President of Animoka, Yat Siu, has depicted the unique position of HKD Stabelines, which indirectly is judged as a re -alternative to the US dollar outside the US dollar. He believes that Hong Kong’s clear regulatory approach is a motivational power behind innovation, which has adopted digital payments and strengthened the city as a major international financial center.
Globally, Hong Kong’s frimitwork is taken in other courts, which has been taken in other courts to establish regulated stabelines markets such as asbestos rules of the European Union and the Talented Act of the United States. Initiative
