Ant International reportedly plans to apply for stablecoin issuer licenses in Singapore and Hong Kong, signaling growing institutional cryptocurrency adoption among fintech firms.
Ant International, a Singapore-based unit of the Jack Ma-backed Ant Group, is preparing to submit a license application in Hong Kong after the city’s stablecoin regulatory framework takes effect in August, according to a Bloomberg report citing unidentified sources. The company is expected to pursue similar licensing efforts in Singapore and Luxembourg.
Ant Group is an…