Standard Chartered Bank (Hong Kong) Ltd. (SCBHK), Animoca Brands, and Hong Kong Telecom (HKT) have united to participate in the Hong Kong Monetary Authority’s (HKMA) stablecoin issuer sandbox, announced in March. Leveraging Zodia Custody’s digital asset capabilities, the collaboration aims to promote sustainable and transparent growth in the digital asset market. Zodia is Standard Chartered’s digital asset custodian provider. This initiative supports Hong Kong’s transformation into a global digital asset hub by exploring the role of stablecoins in financial and payment markets. SCBHK aims to understand the stablecoin market’s opportunities and risks while supporting the digital asset ecosystem. Animoca Brands focuses on mass digital asset adoption and blockchain technology applications, while HKT explores stablecoin innovation for domestic and cross-border payments.
Standard Chartered, Animoca Brands, and HKT Join Forces on Hong Kong's Stablecoin Sandbox
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