Ant Group denies rumors of a collaboration between Ant Monetary Expertise and publicly-listed Chinese language firm Hainan Huatie involving partnerships in RWA and stablecoins.
In an official statement shared on the social platform WeChat, the fintech arm of Alibaba addressed rumors circulating about its digital applied sciences arm collaborating with one other Chinese firm to pursue web3-related ventures. The corporate in query is Hainan Huatie, a Chinese language firm that gives AI-computing providers.
In response to the press launch, there’s been widespread hypothesis that the digital know-how agency is gearing up for a cooperation with Hainan Huatie involving stablecoins and real-world assets. The corporate clarified that there don’t have any formal settlement, enterprise association nor undertaking implementation between the 2 events.
As well as, Ant Group additionally took the chance to make clear some other rumored false collaborations involving Ant Digital as regards to web3 matters RWAs and stablecoins.
“As well as, some corporations out there have just lately overvalued sizzling ideas equivalent to RWA and stablecoins, implying false cooperation with Ant Monetary,” wrote the Ant Group in its launch.
“Traders and companions are suggested to fastidiously determine market rumors and take note of funding dangers,” continued the corporate.
The corporate threatened entities spreading misinformation with authorized motion, particularly “unauthorized use of our firm’s title for improper publicity.” Whether or not this declare is expounded to an earlier report on Ant Worldwide searching for stablecoin licenses in Hong Kong, Singapore and Luxembourg, as beforehand reported by crypto.information, stays unclear.
On June 12, an organization spokesperson confirmed that Ant Group’s Worldwide arm has plans to acquire stablecoin issuer license in Hong Kong after the town’s Stablecoins Ordinance takes impact in August 2025.
In response to the brand new regulation, all entities that intend to situation stablecoins pegged to the Hong Kong {dollars} or function within the area should get hold of a license from the the Hong Kong Financial Authority.
Leave feedback about this