Ant Financial starts applying for Hong Kong stablecoin license

Odaily Planet Daily News Ant Group Vice President and Ant Digital Blockchain Business President Bian Zhuoqun revealed in an interview with reporters today that Ant Digital has started to apply for a Hong Kong stablecoin license and has had multiple rounds of communication with regulators. It is reported that Ant Digital has listed Hong Kong as its global headquarters this year and has completed the pilot test of the regulatory sandbox in Hong Kong. Bian Zhuoqun made the above statement at the SNEC Shanghai Photovoltaic Exhibition on June 12. On the same day, Ant Digital and GCL Energy jointly announced the establishment of a new company "Ant Xinneng". Bian Zhuoqun said that stablecoins, as a bridge connecting traditional finance and tokenized assets, have broad market potential. Its core value lies in the expansion of usage scenarios and compliance construction. Ant Digital, starting from industry and technology, is committed to building digital transaction scenarios based on stablecoins and promoting the development of new asset categories with technology as the core of the industry. At the same time, Ant Digital provides new incremental markets for stablecoin transactions and improves transaction efficiency and liquidity by providing safe, reliable and compliant infrastructure.