Standard Chartered, HKT, Animoca to form JV for HK dollar-backed stablecoin

HKT Trust and HKT

17/02/2025 09:19

Feb 17 (Reuters) - Standard Chartered Plc  STAN.L 
 2888.HK  said on Monday its Hong Kong banking division, Animoca
Brands and HKT  6823.HK  will establish a joint venture to apply
for a license from the Hong Kong Monetary Authority for issuance
of a Hong Kong dollar-backed stablecoin.

 (Reporting by Shivangi Lahiri in Bengaluru; Editing by Mrigank
Dhaniwala)
 ((Shivangi.Lahiri@thomsonreuters.com;))