Ant Digital Technologies Initiates Application for Hong Kong Stablecoin License

On June 12, Bian Zhuoqun, Vice President of Ant Group and President of Ant Digital Technologies’ blockchain business, revealed at the SNEC Shanghai Photovoltaic Exhibition that Ant Digital Technologies has initiated the application process for a Hong Kong stablecoin license and has already held several rounds of discussions with regulators. It is reported that Ant Digital Technologies has designated Hong Kong as its global headquarters this year and has already completed a regulatory sandbox pilot in Hong Kong. On the same day, Ant Digital Technologies and GCL Energy Technology jointly announced the establishment of a new company, “Ant Xinneng.” (Jiemian)