Animoca Brands, Standard Chartered (Hong Kong) Limited and HKT have formed a joint venture called Anchorpoint Financial Ltd. The goal is to seek a stablecoin issuer license in Hong Kong. Anchorpoint's tripartite partnership structure reveals how stablecoin infrastructure requires expertise that spans traditional banking, blockchain technology and telecommunications networks. Standard Chartered brings traditional banking compliance and reserve management capabilities, and Animoca Brands operates ...
Yat Siu, co-founder of Animoca Brands, said asset managers in Hong Kong were looking into introducing staking into Ethereum spot ETFs. HashKey, which manages two spot Bitcoin and Ether ETFs in Hong Kong with Bosera, is working on proposals to introduce Ether staking.