Animoca Brands, through its subsidiary Anni Group, has announced the establishment of a joint venture with Standard Chartered Bank and Hong Kong Telecom. The aim of the project is to prepare for the launch of a new stablecoin that will be pegged to the Hong Kong dollar (HKD).
This is reported by Бізнес • Медіа
Web3 Development Strategy and Support for International Transactions
As explained by Anni Group President Ouyang Qijun, the new stablecoin will serve as an important tool for the internationalization of transactions involving mainland Chinese assets. At the same time, the digital asset will be used to implement innovative blockchain-based Web3 solutions, expanding opportunities for developers and users in the digital economy.
The initiative is being implemented within the “sandbox” of the Hong Kong Monetary Authority, which will introduce a new regulatory framework for stablecoin issuers starting August 1, 2025. Within this project, Anni Group is responsible for creating the Web3 infrastructure, Standard Chartered will attract banking clients, and HKT will handle retail outreach through Tap & Go. The joint venture also plans to obtain the necessary license for issuing the stablecoin.
Application of the Stablecoin and Market Prospects
“The asset will be used in the gaming economy, cross-border trade, and financial transactions. In particular, it will serve as an ‘entry point’ into Web3 for users of gaming metaverses like The Sandbox, and will help simplify the international movement of assets from mainland China. The stablecoin is viewed by its creators as a bridge between traditional and decentralized financial systems,” noted Ouyang Qijun.
Anni Group plans to collaborate with Chinese institutions on decentralized identification and educational initiatives. The company emphasizes the importance of comprehensive regulation for the sustainable development of digital assets, particularly concerning anti-money laundering (AML), customer identification (KYC), and investor protection.
According to Ouyang Qijun, the Hong Kong Monetary Authority may issue the first licenses by the end of this year. However, for the widespread adoption of stablecoins, additional educational campaigns and demand stimulation for these digital assets among real businesses and consumers are necessary.