Alibaba’s Ant Group Files Trademark for ‘AntCoin’ in Hong Kong, Signaling Crypto Ambitions
Ant Group, the fintech arm of Alibaba, has filed a trademark application for "AntCoin" in Hong Kong, signaling potential moves into blockchain-based financial services. The filing covers a broad range of operations, including digital-asset custody, stablecoin issuance, and loyalty rewards, suggesting a strategic push to integrate Alipay with Hong Kong's emerging Web3 ecosystem.
The timing aligns with Hong Kong's recent stablecoin licensing regime, introduced in August to attract regulated crypto innovation. While the trademark doesn't confirm a token launch, it underscores Ant Group's intent to explore opportunities under the city's pro-crypto regulatory framework.