Standard Chartered leads Hong Kong’s Stablecoin push with Animoca & HKT
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Standard Chartered, Animoca Brands, and HKT Partner To Launch Hong Kong Dollar-Backed Stablecoin as Regulatory Framework Advances
Standard Chartered, Animoca Brands, and HKT have partnered to launch a Hong Kong dollar-backed stablecoin. The joint venture aims to apply for a license from the Hong Kong Monetary Authority (HKMA) under the city’s upcoming stablecoin regulatory framework.
Standard Chartered, HKT, Animoca to Form JV for HK Dollar-Backed Stablecoin
(Reuters) - Standard Chartered Plc said on Monday its Hong Kong banking division, Animoca Brands and HKT will establish a joint venture to apply for a license from the Hong Kong Monetary Authority for issuance of a Hong Kong dollar-backed stablecoin.
Standard Chartered Signs Deal with Animoca Brands and HKT to Launch HKD-Backed Stablecoin.
Standard Chartered has signed a deal with Animoca Brands and HKT to launch HKD-Backed Stablecoin in Hong Kong. Takeaway Points Standard Chartered has signed a deal with Animoca Brands and HKT to launch HKD-Backed Stablecoin.
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 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 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, Animoca Brands, and HKT to Launch HKD-Backed Stablecoin
Animoca Brands, and HKT have announced a joint venture to issue a Hong Kong dollar-backed stablecoin under Hong Kong’s new regulatory framework. The partnership aims to secure a license from the Hong Kong Monetary Authority (HKMA) and play a key role in integrating stablecoins into the region’s financial
Standard Chartered, Animoca Brands, HKT Form JV to Issue HKD backed Stablecoin
Standard Chartered Bank, Animoca Brands, HKT entered into agreements to establish a joint venture with intention to apply for license from HKMA.
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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