Ant Group applied for ANTCOIN in Hong Kong.

China’s largest financial technology company, Ant Group, has officially applied for trademarks related to virtual assets and stablecoins, including ANTCOIN, in Hong Kong. This development has attracted the attention of investors, while also revealing Ant Group’s goal of developing blockchain-based financial solutions beyond digital payments.

The application by Ant Group is being evaluated across a wide range of areas, including virtual assets, stablecoins, and blockchain-based financial services. This situation clearly reflects the company's plans and objectives, while also highlighting Hong Kong's efforts to create a regulated payment network integrated with the Web3 economy.

The application coincides with a period when Ant Group President Eric Jing will share the stage with Financial Services Secretary Christopher Hui and Primavera Capital founder Fred Hu at the upcoming Hong Kong FinTech Week event next week. This year, the event will feature content focused on crypto, serving as a platform where Ant Group’s Web3 vision can be publicly articulated for the first time.

Additionally, Ant Group has announced that it has been examining Hong Kong's new stablecoin licensing regime. This licensing regime came into effect in August, and the AntCoin application is considered the first tangible step in the company’s preparations to create a licensed stablecoin or digital payment infrastructure. Furthermore, reports indicate that the company is testing a new wallet product named TOPNOD in overseas markets like Singapore. This product allows users to conduct limited-scale cryptocurrency trading activities.

Ant Group’s foray into the Web3 space is expected to accelerate the integration of large Chinese tech companies into the crypto sector, strengthening Hong Kong’s goal of becoming a digital asset hub. It will be crucial for investors to closely follow the developments related to Ant Group and the new regulations in Hong Kong, as this may help them seize significant opportunities during this process.