Ant Group applies for a stablecoin license in Hong Kong

ChainCatcher news, Ant Group's Vice President and President of Ant Digital Technology's Blockchain Business, Bian Zhuoqun, revealed in an interview with reporters today that Ant Digital Technology has initiated the application for a Hong Kong stablecoin license and has already conducted multiple rounds of communication with regulators. It is reported that Ant Digital Technology has listed Hong Kong as its global headquarters this year and has completed the regulatory sandbox pilot in Hong Kong.

Bian Zhuoqun made the above statement at the SNEC Shanghai Photovoltaic Exhibition on June 12. On the same day, Ant Digital Technology and GCL-Poly Energy jointly announced the establishment of a new company, "Ant Xinneng."

Bian Zhuoqun stated that stablecoins serve as a bridge connecting traditional finance and tokenized assets, possessing vast market potential. Its core value lies in the expansion of use cases and the construction of compliance. Ant Digital Technology is committed to building digital trading scenarios based on stablecoins from an industrial and technological perspective, promoting the development of new asset classes centered around technology. At the same time, Ant Digital Technology provides a new incremental market for stablecoin trading by offering secure, reliable, and compliant infrastructure, enhancing trading efficiency and liquidity.