Ant International Pursues Stablecoin Licenses in Key Financial Hubs

Ant International, the global arm of Jack Ma-backed ANT Group, is making strategic moves to secure stablecoin licenses in Hong Kong, Singapore, and Luxembourg. This initiative aligns with the fintech giant''s broader strategy to expand its blockchain-powered cross-border payments network.

Hong Kong''s Stablecoins Ordinance, effective August 1, will require issuers of Hong Kong dollar-pegged stablecoins to obtain regulatory approval. Ant has confirmed it will apply for a fiat-referenced stablecoin issuer license once the law takes effect. The company plans subsequent applications in Singapore and Luxembourg, positioning itself in jurisdictions with progressive digital asset frameworks.

The licensing push comes as Hong Kong and Singapore actively foster Web3 innovation under robust regulatory oversight. Luxembourg serves as a strategic gateway to European financial markets. These developments underscore Ant''s ambition to strengthen its foothold in the global digital payments landscape through regulated cryptocurrency solutions.