Animoca Brands will collaborate with Standard Chartered Hong Kong and Hong Kong Telecommunications to participate in the Hong Kong Monetary Authority's stablecoin issuer sandbox

ChainCatcher news, according to The Block, Standard Chartered Bank (Hong Kong) Limited (SCBHK), Animoca Brands, and Hong Kong Telecommunications Limited (HKT) announced their participation in the Hong Kong Monetary Authority (HKMA) stablecoin issuer sandbox program. This collaboration will leverage Zodia Custody's digital asset custody capabilities to explore the role of stablecoins in the financial and payment markets, supporting Hong Kong's goal to become a global digital asset hub.

Previous news, the HKMA announced the list of participants in the stablecoin issuer sandbox.