“While the filing does not confirm a token launch, it shows Ant Group laying legal groundwork to merge its Alipay ecosystem with regulated Web3 and stablecoin infrastructure.”, — write: www.coindesk.com
The June filing has drawn significant attention on crypto social media just days before Ant Group Chairman Eric Jing is scheduled to speak alongside Hong Kong’s Secretary for Financial Services Christopher Hui and Primavera Capital’s Fred Hu at next week’s Hong Kong FinTech Week, which has a crypto-heavy agenda for an event that is usually TradFi-focused.
(Hong Kong Intellectual Property Department)
The AntCoin filing’s specification spans nearly all major financial activities, from traditional banking, lending, and FX to blockchain-based settlement, stablecoin issuance, digital-asset custody, and loyalty rewards, effectively positioning it as a bridge between Ant’s payments ecosystem and Hong Kong’s regulated Web3 economy.
The move follows Ant’s earlier statement that it was exploring Hong Kong’s new stablecoin licensing regime, which took effect in August.
Ant Group did not immediately respond to a request for comment from CoinDesk.
Stablecoin payment volumes have grown to $19.4B year-to-date in 2025. OwlTing aims to capture this market by developing payment infrastructure that processes transactions in seconds for fractions of a cent.
View Full Report
ZEC’s price has surged by 380% this month.
- Zcash (ZEC) has surged in price, leading to its integration into multiple blockchain ecosystems, including Solana.
- Wrapped ZEC on Solana does not maintain Zcash’s native privacy features.
- Encifher offers a solution with encrypted assets like eZEC, Encifher explained on X.
Read full story