Ant Financial starts applying for Hong Kong stablecoin license

Planet Daily News: Ant Group Vice President and Ant Digital Blockchain Business President Bian Zhuoqun revealed today in an interview that Ant Digital has started applying for a Hong Kong stablecoin license and has already conducted multiple rounds of communication with regulators. It is understood that Ant Digital has designated Hong Kong as its global headquarters this year and has completed regulatory sandbox trials. Bian Zhuoqun made these remarks at the SNEC Shanghai Photovoltaic Exhibition on June 12, where Ant Digital and GCL Energy jointly announced the establishment of a new company "Ant Xin Energy". Bian stated that stablecoins, as a bridge connecting traditional finance and tokenized assets, have broad market potential. Their core value lies in expanding usage scenarios and building compliance. Ant Digital is committed to constructing digital transaction scenarios based on stablecoins from an industrial and technological perspective, promoting the development of new asset categories centered on technology. Meanwhile, by providing safe, reliable, and compliant infrastructure, Ant Digital aims to create new incremental markets for stablecoin trading and enhance trading efficiency and liquidity.