Standard Chartered, Animoca Brands and HKT establish HKD-backed stablecoin joint venture

WHAT CHINWAGY KNOWS

The collaboration
is confirmed.

Standard Chartered Bank Hong Kong, Animoca Brands and HKT entered into agreements to establish a joint venture intended to apply for a Hong Kong Monetary Authority licence to issue an HKD-backed stablecoin.

Current status

Official collaboration

Known availability

Started 2025-02-17; the official source does not state an end date.

Place

Hong Kong, China

Source checked

September 23, 2026