Standard Chartered, Animoca Brands, and HKT Join Forces to Participate in the HKMA’s Stablecoin Issuer Sandbox

Standard Chartered Bank (Hong Kong) Limited (“SCBHK”), Animoca Brands, and HKT join forces to take part in the Hong Kong Monetary Authority (“HKMA”) stablecoin issuer sandbox (the “Sandbox”) that was announced in March this year. The coalition will leverage on the institutional digital asset custody capabilities of Zodia Custody, which is partly owned by Standard Chartered.