The post Alibaba’s Ant Group Eyes Crypto Future with ‘AntCoin’ Trademark in Hong Kong appeared first on Coinpedia Fintech News
Alibaba’s fintech arm, Ant Group, is stirring buzz in the crypto world after filing a trademark application for “AntCoin” in Hong Kong. While the filing doesn’t confirm a token launch, it signals that the company is laying the legal groundwork to blend its Alipay payments ecosystem with Hong Kong’s fast-emerging regulated Web3 and stablecoin framework.
A Step Toward Blockchain-Based Finance
According to the Hong Kong Intellectual Property Department, the AntCoin trademark, filed in June, covers a sweeping range of financial operations, from traditional banking, lending, and foreign exchange to blockchain settlement, digital-asset custody, stablecoin issuance, and even loyalty rewards. This suggests Ant Group’s long-term ambition to merge conventional financial services with decentralized digital finance, potentially making Alipay a gateway to Web3 adoption in Asia.
Tying In With Hong Kong’s Crypto Push
The timing of this move is noteworthy. Hong Kong recently introduced a stablecoin licensing regime in August, aimed at attracting regulated crypto innovation. Ant’s filing aligns neatly with this regulatory shift, showing the company’s intent to explore opportunities under the city’s new pro-crypto environment.
Adding to the anticipation, Ant Group Chairman Eric Jing is set to speak at the upcoming Hong Kong FinTech Week, sharing the stage with Christopher Hui, Hong Kong’s Secretary for Financial Services, and Fred Hu of Primavera Capital. This year’s event, traditionally focused on traditional finance, will heavily emphasize crypto and Web3 themes, sparking speculation that Ant might unveil more details about its blockchain direction.
Crypto Impact
Having said that, if Ant Group goes ahead with launching ANTCOIN, it could be a game changer for crypto adoption. With millions of Alipay users, the company could easily introduce digital currency to the mainstream. However, strict Chinese regulations might slow things down. Still, the move signals how major fintech giants are increasingly exploring the digital asset space.
Positioning Alipay for the Web3 Era
However, Ant Group’s interest in blockchain isn’t new, it has previously launched pilot projects exploring distributed ledger technology for supply chains and cross-border payments. However, the AntCoin filing marks its most direct step yet toward entering the regulated crypto economy. By securing the trademark early, the company ensures flexibility in branding, technology development, and compliance under Hong Kong’s evolving rules.
Though Ant Group hasn’t confirmed any token launch, the AntCoin trademark underscores how traditional fintech giants are preparing for the next wave of digital finance. With Hong Kong positioning itself as a crypto innovation hub, Ant’s latest move could soon bridge Alipay’s massive user base with regulated digital-asset services, potentially reshaping Asia’s payments landscape.