Animoca Brands has formed a strategic partnership with Standard Chartered Bank (Hong Kong) and Hong Kong Telecom (HKT) as part of the stablecoin issuer sandbox initiative launched by the Hong Kong Monetary Authority. This collaboration aims to harness the potential of stablecoins in transforming local and cross-border payments.

HKT will spearhead the exploration of stablecoin innovations, focusing on enhancing payment experiences for consumers and merchants. By leveraging stablecoins, HKT seeks to increase efficiency and convenience in transactions, driving growth in the region.

Standard Chartered Bank (Hong Kong) will actively engage in the sandbox, seeking to optimize support for Hong Kong's burgeoning digital asset ecosystem. The bank will also conduct a thorough examination of the opportunities and risks associated with the evolving stablecoin market, ensuring a well-informed approach to navigating this emerging landscape.

Animoca Brands is dedicated to promoting the seamless integration of digital assets into traditional industries, harnessing blockchain technology to unlock new possibilities. By combining physical assets with digital solutions, Animoca Brands aims to drive innovation and growth across various sectors.

Through this collaboration, the three companies are poised to make significant contributions to the development of Hong Kong's stablecoin ecosystem, driving progress in digital assets and payments.