Standard Chartered (Hong Kong), Animoca Brands, and HKT Form Joint Venture to Launch HKD-Backed Stablecoin

SCBHK: With deep expertise in stablecoin projects and bank-grade infrastructure, SCBHK will anchor the initiative within Hong Kong’s evolving digital asset ecosystem.

Animoca Brands: As a global leader in Web3 and blockchain innovation, Animoca Brands will drive crypto-native opportunities and novel use cases in the digital economy.

HKT: A leading force in technology, media, and telecommunications, HKT will contribute its mobile wallet and payment technology expertise to facilitate seamless domestic and cross-border transactions.

Exciting collaboration between industry leaders to launch a HKD-backed stablecoin, leveraging each partner's strengths in stablecoin projects, blockchain innovation, and mobile payment technology. A promising initiative to drive growth in Hong Kong's digital asset ecosystem.