Ant International, the giant of the payments residing in Singapore, is scheduled to apply for Stablecoin’s licenses in many major markets, starting with Hong Kong once the new Stablecoins Law in the city is in force in August. Ant International is the outer arm of the Chinese ant.
Ant International follows PayPal: Marches towards Stablecoin
According to reports, ANT is also planning To follow the licenses in Singapore and Luxembourg. This step indicates a dangerous expansion of digital assets by one of the largest Fintech players in the world.
Ant International is already a big name in the Fintech industry and has treated more than $ 1 trillion of global payments last year. Miscellaneous, more than $ 333 billion of it was directed through Whale, the Blockchain payment platform. This indicates that the company has a deep infrastructure to support the shift towards distinguished financing.
With the Stablecoin initiative, ANT aims to enhance the boundary payment and treasury services by taking advantage of Blockchain for the most transparent transactions. The whale platform already supports the distinguished assets issued by banks and institutions worldwide. It also uses advanced privacy preservation techniques, such as homogeneous encryption and multiple account.
As the Stablecoin Global Market reached $ 243 billion as of May, Ant International Time may strategically prove. Institutional demand for Blockchain -based payment tools creates new opportunities for strong financial and technological foundations.
Ant is already operating with more than 10 main banks around the world, including JPMorgan Chase, HSBC, BNP Paribas and Standard Charged. This week has announced a new partnership with Deutsche Bank to enhance payment and cabinet services.
Stablecoins can become the cornerstone of the ANT Treasury Management Management. A lot of this growth was motivated by huge transactions flows from Alibaba e -commerce platforms and external customers. In 2024, Ant International achieved approximately $ 3 billion in revenue and provided the second year in a row of modified profits.
The company’s international batch comes with the continued diversification of ANT group after an online lending campaign in China. The global unit now contains an independent structure of the painting and may be copied, with a possible public subscription on the horizon. Bloomberg Intelligence estimates that it can be valued between $ 8 billion and 24 billion dollars if included in Hong Kong.
The Ant’s Stablecoin initiative is not an isolated step, in fact, PayPal also launched Stablecoin in 2023. asset managers like Blackrock and Franklin Templeton also implement the distinctive market funds that work similarly.
Unlike other regions, Hong Kong and Singapore provides clear organizational frameworks for Stablecoins, and for this reason the serious institutional players are attracted to these judicial states.
Also read: South Korea Bill suggests organizing and giving legitimacy to Stablecoins
