Standard Chartered and Animoca Brands team up for HKD-backed stablecoin launch
Global banking giant Standard Chartered is teaming up with blockchain gaming and digital assets venture firm Animoca Brands on a significant blockchain-related venture. Per a press release, the collaboration also involves local telecom giant HKT and will see the three partners eye a new stablecoin pegged on the Hong Kong Dollar.
Standard Chartered named banking partner for StraitsX stablecoins
The partnership aims to enhance the reserve management of StraitsX’s stablecoins. Standard Chartered Bank has been appointed as a trusted banking partner for StraitsX, a Singapore-licensed stablecoin issuer and digital payment infrastructure provider.
Standard Chartered: Can Stablecoins Fill Payment Gap?
Research from Standard Chartered reveals stablecoins process US$425bn monthly as traditional payment systems fail to meet cost and speed targets
Standard Chartered backs StaitsX stablecoins
Standard Chartered Bank is stepping deeper into the stablecoin space through a strategic partnership with StraitsX, a Singapore-licensed stablecoin issuer, to strengthen the reserve management of its US Dollar and Singapore Dollar stablecoins,
Standard Chartered, Animoca Brands and HKT establish joint venture to issue HKD-backed stablecoin
Hong Kong, February 18, 2025 -- Standard Chartered Bank (Hong Kong) Limited (“SCBHK”), Animoca Brands, and HKT have entered into agreements to establish a joint venture (“JV”) with the intention to apply for a license from the Hong Kong Monetary Authority (“HKMA”) in the new regulatory regime1 in order to issue a Hong Kong dollar-backed stablecoin.
Standard Chartered to Launch HK Dollar-backed Stablecoin
Standard Chartered, Animoca Brands, and HKT form a joint venture to launch a Hong Kong dollar-backed stablecoin under HKMA’s licensing regime
Standard Chartered, Animoca Brands and HKT partner to issue HKD-backed stablecoin
Animoca Brands, and HKT have agreed to form a joint venture (JV). This is so that they can apply for a license from the Hong Kong Monetary Authority (HKMA) under the new regulatory regime(1) to create a stablecoin backed by the Hong Kong dollar.
Standard Chartered, Animoca Brands, HKT to pursue Hong Kong dollar-backed stablecoin
Stablecoins are digital assets that maintain a fixed value relative to a government-issued fiat currency or other reference rate.
Standard Chartered forms joint venture for HKD-backed stablecoin issuance
Plc announced on Monday its plans to form a joint venture with Animoca Brands and HKT to apply for a license from the Hong Kong Monetary Authority.
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