Ant International executive says "seriously considering" preparing stablecoin license application in multiple jurisdictions around the world

Ant International executive says "seriously considering" preparing stablecoin license application in multiple jurisdictions around the world

Ant International, a prominent global financial services company, has expressed serious interest in applying for stablecoin licenses in various jurisdictions worldwide. This move comes on the heels of Hong Kong's recent implementation of its stablecoin regulatory regime, which went into effect on August 1, 2025 [1].

The company's decision to explore stablecoin licensing is driven by the increasing demand and institutionalization of stablecoins. Hong Kong's new stablecoin licensing and regulatory regime, which applies to fiat-referenced stablecoins (FRS) and excludes algorithmic, unbacked stablecoins, sets a benchmark for other jurisdictions [1]. Ant International aims to capitalize on this growing market by securing licenses in multiple regions.

The regulatory environment for stablecoins is evolving rapidly. In the United States, the Senate recently passed the bipartisan GENIUS Act, which contemplates a regulatory framework for payment stablecoins [1]. This bill underscores the potential for stablecoins to become a significant part of the global financial landscape.

Ant International's strategic move aligns with the company's goal to expand its digital asset offerings and enhance its competitive position. By securing licenses in multiple jurisdictions, the company can offer stablecoin services to a broader audience and tap into new markets.

The company's approach to stablecoin licensing is likely to be guided by the requirements outlined in Hong Kong's Stablecoins Ordinance. This includes obtaining a license from the relevant authority, maintaining adequate financial resources, ensuring reserve asset management, and complying with anti-money laundering (AML) and counter-terrorism financing (CTF) requirements [1].

While the specific jurisdictions where Ant International plans to apply for licenses are not yet disclosed, the company's focus on stablecoins suggests a strategic shift towards digital asset services. This move is likely to be closely watched by industry observers and investors alike.

References:
[1] https://www.davispolk.com/insights/client-update/hong-kongs-new-stablecoin-licensing-and-regulatory-regime