Animoca Brands targets AI commerce with AllScale stablecoin investment

The capital injection, the size of which remains undisclosed, will accelerate AllScale’s development of a unified payment stack. Currently supporting over 1.5 million registered wallets, the platform allows businesses to handle checkout, payroll, and invoicing while automatically bridging assets across different blockchain networks. This interoperability ensures merchants can accept payments regardless of the specific token or chain utilized by their customers, all while settling in their preferred fiat currency.

Beyond basic payment processing, the collaboration centers on AI-driven transactions. The companies intend to build systems where AI agents execute commerce within predefined constraints, using regulated stablecoins as the underlying settlement layer. Yat Siu, co-founder and executive chairman of Animoca Brands, identified these stablecoins as the primary bridge for future financial systems. This move follows the firm’s recent expansion into regulated assets, including its involvement in the Hong Kong dollar-backed stablecoin project, HKDAP, developed alongside Standard Chartered Bank Hong Kong and HKT.