Standard Chartered forms joint venture to issue stablecoins in Hong Kong

Reuters

Aug 08

Standard Chartered forms joint venture to issue stablecoins in Hong Kong

Aug 8 (Reuters) - Standard Chartered 2888.HK said on Friday that it has formed a joint venture with strategic partners to apply for a license to issue stablecoins in Hong Kong, days after the city's stablecoin legislation came into effect.

Stablecoins, a type of cryptocurrency designed to maintain a constant value, are usually pegged to a fiat currency such as U.S. dollar and are commonly used by crypto traders to move funds between tokens.

Anchorpoint Financial, a joint venture between Standard Chartered's Hong Kong branch, blockchain gaming developer Animoca Brands, and telecom firm HKT 6823.HK, has formally expressed interest to the Hong Kong Monetary Authority (HKMA) in applying for the licence, lender said in a statement.

Hong Kong in May passed a bill establishing a licensing regime for fiat-referenced stablecoin issuers, providing regulatory clarity for upcoming stablecoin issuers. The legislature went into effect on August 1.

The HKMA in a media briefing late last month said that it expected the first batch of stablecoin issuer licences to be granted early next year.

(Reporting by Kumar Tanishk in Bengaluru; Editing by Nivedita Bhattacharjee)

((Tanishk.Kumar@thomsonreuters.com;))

Disclaimer: Investing carries risk. This is not financial advice. The above content should not be regarded as an offer, recommendation, or solicitation on acquiring or disposing of any financial products, any associated discussions, comments, or posts by author or other users should not be considered as such either. It is solely for general information purpose only, which does not consider your own investment objectives, financial situations or needs. TTM assumes no responsibility or warranty for the accuracy and completeness of the information, investors should do their own research and may seek professional advice before investing.

Most Discussed

1
2
3
4
5
6
7
8
9
10

{"basename":"","ssrTDKData":{"titleTemplate":"%s - Tiger Brokers","title":"Tiger Brokers | Global Stocks, Options & Futures Trading App","description":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","keywords":"tiger brokers,tiger trade,tiger brokers singapore,broker online,stock trading in singapore,share trading singapore,brokerage firm singapore,trading app,stock broker singapore,stock trading platforms,trading account","social":{"ogDescription":"Tiger Brokers, one-stop investment in US stocks, SGX stocks, HK stocks, A-shares & other global assets. One of the best stock trading platforms in Singapore.","ogImage":"https://c1.itigergrowtha.com/portal5/static/media/og-logo.be62fbe1.png","ogUrl":"https://www.itiger.com/news/2557512700"},"companyName":"Tiger Brokers"},"pageData":{"isMobile":false,"isTiger":false,"isTTM":true,"region":"SGP","license":"TBSG","edition":"fundamental"},"isCrawlerRequest":true,"__swrFallback__":{"@#url:\"https://stock-news.skytigris.cn/v3/news\",params:#id:\"2557512700\",edition:\"fundamental\",auth_exemption:1,,,undefined,":{"share":"https://ttm.financial/m/news/2557512700?lang=en_US&edition=fundamental","thumbnail":"","is_english":true,"pubTime":"2025-08-08 13:05","share_image_url":"https://static.laohu8.com/e9f99090a1c2ed51c021029395664489","id":"2557512700","market":"nz","top_or_hot":-1,"title":"Standard Chartered forms joint venture to issue stablecoins in Hong Kong","media":"Reuters","content":"<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Standard Chartered forms joint venture to issue stablecoins in Hong Kong</title></head><body><p>\n<span>Aug 8 (Reuters)</span><span> - </span>\n<span>Standard Chartered <span>2888.HK</span> said on Friday that it has formed a joint venture with strategic partners to apply for a license to issue stablecoins in Hong Kong, days after the city's stablecoin legislation came into effect.</span>\n</p><p>Stablecoins, a type of cryptocurrency designed to maintain a constant value, are usually pegged to a fiat currency such as U.S. dollar and are commonly used by crypto traders to move funds between tokens.</p><p>\n<span>Anchorpoint Financial, a joint venture between Standard Chartered's Hong Kong branch, blockchain gaming developer <a href=\"https://laohu8.com/S/AB1.AU\">Animoca Brands</a>, and telecom firm <a href=\"https://laohu8.com/S/06823\">HKT</a> <span>6823.HK</span>, has formally expressed interest to the Hong Kong Monetary Authority (HKMA) in applying for the licence, lender said in a statement.</span>\n</p><p>Hong Kong in May <span>passed a bill</span> establishing a licensing regime for fiat-referenced stablecoin issuers, providing regulatory clarity for upcoming stablecoin issuers. The legislature went into effect on August 1.</p><p>The HKMA <span>in a </span><span>media briefing</span> late last month <span>said </span>that it expected the first batch of stablecoin issuer licences to be granted early next year.</p><p> (Reporting by Kumar Tanishk in Bengaluru; Editing by Nivedita Bhattacharjee)</p><p> ((Tanishk.Kumar@thomsonreuters.com;))</p></body></html>","source":null,"html":"<!DOCTYPE html>\n<html>\n<head>\n<meta http-equiv=\"Content-Type\" content=\"text/html; charset=utf-8\" />\n<meta name=\"viewport\" content=\"width=device-width,initial-scale=1.0,minimum-scale=1.0,maximum-scale=1.0,user-scalable=no\"/>\n<meta name=\"format-detection\" content=\"telephone=no,email=no,address=no\" />\n<title>Standard Chartered forms joint venture to issue stablecoins in Hong Kong</title>\n<style type=\"text/css\">\na,abbr,acronym,address,applet,article,aside,audio,b,big,blockquote,body,canvas,caption,center,cite,code,dd,del,details,dfn,div,dl,dt,\nem,embed,fieldset,figcaption,figure,footer,form,h1,h2,h3,h4,h5,h6,header,hgroup,html,i,iframe,img,ins,kbd,label,legend,li,mark,menu,nav,\nobject,ol,output,p,pre,q,ruby,s,samp,section,small,span,strike,strong,sub,summary,sup,table,tbody,td,tfoot,th,thead,time,tr,tt,u,ul,var,video{ font:inherit;margin:0;padding:0;vertical-align:baseline;border:0 }\nbody{ font-size:16px; line-height:1.5; color:#999; background:transparent; }\n.wrapper{ overflow:hidden;word-break:break-all;padding:10px; }\nh1,h2{ font-weight:normal; line-height:1.35; margin-bottom:.6em; }\nh3,h4,h5,h6{ line-height:1.35; margin-bottom:1em; }\nh1{ font-size:24px; }\nh2{ font-size:20px; }\nh3{ font-size:18px; }\nh4{ font-size:16px; }\nh5{ font-size:14px; }\nh6{ font-size:12px; }\np,ul,ol,blockquote,dl,table{ margin:1.2em 0; }\nul,ol{ margin-left:2em; }\nul{ list-style:disc; }\nol{ list-style:decimal; }\nli,li p{ margin:10px 0;}\nimg{ max-width:100%;display:block;margin:0 auto 1em; }\nblockquote{ color:#B5B2B1; border-left:3px solid #aaa; padding:1em; }\nstrong,b{font-weight:bold;}\nem,i{font-style:italic;}\ntable{ width:100%;border-collapse:collapse;border-spacing:1px;margin:1em 0;font-size:.9em; }\nth,td{ padding:5px;text-align:left;border:1px solid #aaa; }\nth{ font-weight:bold;background:#5d5d5d; }\n.symbol-link{font-weight:bold;}\n/* header{ border-bottom:1px solid #494756; } */\n.title{ margin:0 0 8px;line-height:1.3;color:#ddd; }\n.meta {color:#5e5c6d;font-size:13px;margin:0 0 .5em; }\na{text-decoration:none; color:#2a4b87;}\n.meta .head { display: inline-block; overflow: hidden}\n.head .h-thumb { width: 30px; height: 30px; margin: 0; padding: 0; border-radius: 50%; float: left;}\n.head .h-content { margin: 0; padding: 0 0 0 9px; float: left;}\n.head .h-name {font-size: 13px; color: #eee; margin: 0;}\n.head .h-time {font-size: 11px; color: #7E829C; margin: 0;line-height: 11px;}\n.small {font-size: 12.5px; display: inline-block; transform: scale(0.9); -webkit-transform: scale(0.9); transform-origin: left; -webkit-transform-origin: left;}\n.smaller {font-size: 12.5px; display: inline-block; transform: scale(0.8); -webkit-transform: scale(0.8); transform-origin: left; -webkit-transform-origin: left;}\n.bt-text {font-size: 12px;margin: 1.5em 0 0 0}\n.bt-text p {margin: 0}\n</style>\n</head>\n<body>\n<div class=\"wrapper\">\n<header>\n<h2 class=\"title\">\nStandard Chartered forms joint venture to issue stablecoins in Hong Kong\n</h2>\n\n<h4 class=\"meta\">\n\n\n<a class=\"head\" href=\"https://laohu8.com/wemedia/1032215980\">\n\n\n<div class=\"h-thumb\" style=\"background-image:url(https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48);background-size:cover;\"></div>\n\n<div class=\"h-content\">\n<p class=\"h-name\">Reuters </p>\n<p class=\"h-time\">2025-08-08 13:05</p>\n</div>\n\n</a>\n\n\n</h4>\n\n</header>\n<article>\n<html xmlns=\"http://www.w3.org/1999/xhtml\"><head><title>Standard Chartered forms joint venture to issue stablecoins in Hong Kong</title></head><body><p>\n<span>Aug 8 (Reuters)</span><span> - </span>\n<span>Standard Chartered <span>2888.HK</span> said on Friday that it has formed a joint venture with strategic partners to apply for a license to issue stablecoins in Hong Kong, days after the city's stablecoin legislation came into effect.</span>\n</p><p>Stablecoins, a type of cryptocurrency designed to maintain a constant value, are usually pegged to a fiat currency such as U.S. dollar and are commonly used by crypto traders to move funds between tokens.</p><p>\n<span>Anchorpoint Financial, a joint venture between Standard Chartered's Hong Kong branch, blockchain gaming developer <a href=\"https://laohu8.com/S/AB1.AU\">Animoca Brands</a>, and telecom firm <a href=\"https://laohu8.com/S/06823\">HKT</a> <span>6823.HK</span>, has formally expressed interest to the Hong Kong Monetary Authority (HKMA) in applying for the licence, lender said in a statement.</span>\n</p><p>Hong Kong in May <span>passed a bill</span> establishing a licensing regime for fiat-referenced stablecoin issuers, providing regulatory clarity for upcoming stablecoin issuers. The legislature went into effect on August 1.</p><p>The HKMA <span>in a </span><span>media briefing</span> late last month <span>said </span>that it expected the first batch of stablecoin issuer licences to be granted early next year.</p><p> (Reporting by Kumar Tanishk in Bengaluru; Editing by Nivedita Bhattacharjee)</p><p> ((Tanishk.Kumar@thomsonreuters.com;))</p></body></html>\n\n</article>\n</div>\n</body>\n</html>\n","isBrief":false,"type":0,"news_type":1,"symbol":"LU0572939691.SGD","symbol_name":"Janus Henderson Horizon Asian Dividend Income A2 SGD","start_time":0,"source_url":"https://api.refinitiv.com/data/news/v1/stories/urn:newsml:reuters.com:20250808:nL4N3U00K0:1","article_id":"2557512700","we_media_id":"1032215980","thumbnails":[],"rights":null,"url":"https://stock-news.laohu8.com/highlight/detail?id=2557512700","pubTimestamp":1754629512,"columns":[],"sourceInfo":null,"weMediaInfo":{"media_name":"Reuters","introduction":"Reuters.com brings you the latest news from around the world, covering breaking news in markets, business, politics, entertainment and technology","home_visible":1,"id":"1032215980","head_image":"https://community-static.tradeup.com/news/4567337cbdf294b657b1fa87c5488b48"},"summary":"Standard Chartered 2888.HK said on Friday that it has formed a joint venture with strategic partners to apply for a license to issue stablecoins in Hong Kong, days after the city's stablecoin legislation came into effect.Stablecoins, a type of cryptocurrency designed to maintain a constant value, are usually pegged to a fiat currency such as U.S. dollar and are commonly used by crypto traders to move funds between tokens.Anchorpoint Financial, a joint venture between Standard Chartered's Hong Kong branch, blockchain gaming developer Animoca Brands, and telecom firm HKT 6823.HK, has formally expressed interest to the Hong Kong Monetary Authority  in applying for the licence, lender said in a statement.Hong Kong in May passed a bill establishing a licensing regime for fiat-referenced stablecoin issuers, providing regulatory clarity for upcoming stablecoin issuers. The legislature went into effect on August 1.The HKMA in a media briefing late last month said that it expected the first bat","collect":0,"end_time":0,"defaultTopTitle":"","property":[],"viewcount":null,"language":"en","relate_stocks":{"LU0572939691.SGD":"Janus Henderson Horizon Asian Dividend Income A2 SGD","LU0171293334.USD":"贝莱德英国基金A2","LU0306806265.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" ACC","LU2293690082.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USD) INC","LU0588545490.SGD":"Eastspring Investments - Asian Equity Income AS SGD","03143":"华夏香港银行股","LU0865486749.SGD":"Eastspring Investments - Asian Equity Income AS SGD-H","LU0260871552.USD":"TEMPLETON EUROPEAN SMALL-MID CAP \"A\" (USD) ACC","LU0084288322.USD":"Natixis Asia Equity RD USD","LU0106831901.USD":"贝莱德世界金融基金A2","06823":"香港电讯-SS","LU1668664300.SGD":"Blackrock World Financials A2 SGD-H","LU0149534421.HKD":"SCHRODER ISF HONG KONG EQ \"A\" ACC","BK1601":"香港本地股","LU0889565080.SGD":"FTIF - Templeton European Opportunities A Acc SGD-H1","BK1619":"稳定币概念","LU0572940350.SGD":"Janus Henderson Horizon Asian Dividend Income A3 SGD","SG9999001689.USD":"施罗德亚洲成长股票","LU2088748376.SGD":"Eastspring Investments - Asia Real Estate Multi Asset Income Cl ASDM SGD-H","LU0315178854.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"A\" ACC","LU0161305163.EUR":"SCHRODER ISF EUROPEAN VALUE \"A\" (EUR) ACC","LU0306807586.USD":"SCHRODER ISF GLOBAL DIVIDEND MAXIMISER \"A\" (USD) INC QF","LU0877626530.USD":"FIDELITY ASIA PACIFIC DIVIDEND \"A\" (USD) INC MONTHLY (G)","LU1119993845.HKD":"FIDELITY ASIA PACIFIC DIVIDEND \"A\" (HKDHDG) INC","SG9999000327.SGD":"Schroder Asian Growth A Dis SGD","LU0321505439.SGD":"Schroder ISF Global Dividend Maximiser A Acc SGD","LU0321505868.SGD":"Schroder ISF Global Dividend Maximiser A Dis SGD","LU0985481810.HKD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (HKD) INC M","BK1231":"综合性银行","LU0205439572.USD":"富达亚太股息基金","LU0307460666.USD":"EASTSPRING INVESTMENTS CHINA EQUITY \"A\" ACC","LU0225284248.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" ACC","LU1863844665.USD":"TEMPLETON EUROLAND \"A\" (USD) ACC A","LU2539964713.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USD) ACC","STAN.UK":"渣打集团","LU0264606111.USD":"Janus Henderson Horizon Asian Dividend Income A2 USD","LU2088747998.USD":"EASTSPRING INVESTMENTS ASIA REAL ESTATE MULTI ASSE \"ADM\" (USD) INC","BK1572":"香港银行股","LU0469268626.HKD":"AB FCP I-ASIA EX JAPAN EQUITY PTF(AD","LU0588545904.SGD":"Eastspring Investments - Asian Equity Income ASDM SGD","BK1536":"电信股","BK5152":"综合性银行","LU1496350171.SGD":"FRANKLIN DIVERSIFIED BALANCED \"A\" (SGDHDG) ACC","LU1496350502.SGD":"FRANKLIN DIVERSIFIED DYNAMIC \"A\" (SGDHDG) ACC","LU0588545730.USD":"EASTSPRING INVESTMENTS ASIAN EQUITY INCOME \"ADM\" (USD) INC","LU0225771236.USD":"SCHRODER ISF GLOBAL EQUITY YIELD \"A\" (USD) INC MF","BK1569":"长和系","LU2293690249.USD":"SCHRODER ISF EUROPEAN SUSTAINABLE EQUITY \"A\" (USDHDG) ACC","02888":"渣打集团","LU1130305938.SGD":"Schroder ISF Asian Dividend Maximiser A Dis SGD-H"},"translate_title":"渣打成立合资公司在香港发行稳定币","themeId":null,"isJumpTheme":false,"ttsUrl":null,"symbols_score_info":{"02888":0.9,"03143":0.6,"06823":0.9,"STAN.UK":0.9},"content_text":"Standard Chartered forms joint venture to issue stablecoins in Hong Kong\nAug 8 (Reuters) - \nStandard Chartered 2888.HK said on Friday that it has formed a joint venture with strategic partners to apply for a license to issue stablecoins in Hong Kong, days after the city's stablecoin legislation came into effect.\nStablecoins, a type of cryptocurrency designed to maintain a constant value, are usually pegged to a fiat currency such as U.S. dollar and are commonly used by crypto traders to move funds between tokens.\nAnchorpoint Financial, a joint venture between Standard Chartered's Hong Kong branch, blockchain gaming developer Animoca Brands, and telecom firm HKT 6823.HK, has formally expressed interest to the Hong Kong Monetary Authority (HKMA) in applying for the licence, lender said in a statement.\nHong Kong in May passed a bill establishing a licensing regime for fiat-referenced stablecoin issuers, providing regulatory clarity for upcoming stablecoin issuers. The legislature went into effect on August 1.The HKMA in a media briefing late last month said that it expected the first batch of stablecoin issuer licences to be granted early next year. (Reporting by Kumar Tanishk in Bengaluru; Editing by Nivedita Bhattacharjee) ((Tanishk.Kumar@thomsonreuters.com;))","kind":"highlight","is_publish_news":true,"is_publish_highlight":false,"is_publish_live":false,"is_publish_wemedia":null,"editions":null,"column":"","sentiment":"1","news_tag":"corporation","news_rank":0,"symbols":[],"gpt_button":0,"need_auth":false,"code":"91000000","status":"200"}}}