Standard Chartered Bank (Hong Kong), Animoca Brands, and HKT have joined forces to take part in the Hong Kong Monetary Authorities stablecoin issuer 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. The three well-established corporates share a common vision that the digital asset market can grow in a sustainable, transparent, and appropriately risk-managed way in Hong Kong and beyond. Dominic Maffei, Head of Digital Assets & Fintech, Hong Kong, Standard Chartered, said, “Standard Chartered is committed to staying at the forefront of the growing digital asset market and driving fintech innovation in Hong Kong. We believe that regulated financial institutions have a key role to play in the development of these markets. Under the guidance of the HKMA, we are proud to take part in the Sandbox with innovative industry leaders, Animoca Brands and HKT, to transform the financial sector and create positive impact for our clients.”
