Ant Group, the Alibaba-affiliated fintech big behind Alipay, has filed a trademark software for AntCoin in Hong Kong, suggesting attainable plans to increase into blockchain-based monetary providers and stablecoins.
The June submitting has drawn vital consideration on crypto social media simply days earlier than Ant Group Chairman Eric Jing is scheduled to talk alongside Hong Kong’s Secretary for Monetary Providers Christopher Hui and Primavera Capital’s Fred Hu at subsequent week’s Hong Kong FinTech Week, which has a crypto-heavy agenda for an occasion that’s normally TradFi-focused.
The AntCoin submitting’s specification spans almost all main monetary actions, from conventional banking, lending, and FX to blockchain-based settlement, stablecoin issuance, digital-asset custody, and loyalty rewards, successfully positioning it as a bridge between Ant’s funds ecosystem and Hong Kong’s regulated Web3 financial system.
The transfer follows Ant’s earlier assertion that it was exploring Hong Kong’s new stablecoin licensing regime, which took impact in August.
Ant Group didn’t instantly reply to a request for remark from CoinDesk.