Internet reports that Animoca Brands, Standard Chartered Bank (Hong Kong) Limited and Hong Kong Telecom have formed a joint venture called Anchorpoint Financial Ltd. The goal is for Hong Kong to seek a stablecoin issuer license. Anchorpoint's three-party partnership structure reveals how stablecoin infrastructure requires expertise that spans traditional banking, blockchain technology and telecommunications networks. Standard Chartered brings traditional bank compliance and reserve management capabilities, Animoca Brands contributes knowledge of the Web3 ecosystem by operating blockchain projects such as The Sandbox, and HKT provides telecommunications infrastructure critical to payment processing. This partnership reflects the multi-layered technical and regulatory challenges of stablecoin issuance that go far beyond simple cryptocurrency creation.