Ant Group Addresses Rumors of Collaboration with Hainan Huatie
Ant Group has officially denied rumors regarding a partnership with the Chinese company Hainan Huatie on projects related to RWAs and stablecoins.
Clarification on Collaborative Speculations
In a statement released via the WeChat social platform, Ant Group, the fintech subsidiary of Alibaba, refuted circulating rumors about a collaboration with Hainan Huatie, a prominent Chinese firm specializing in AI-driven commuting services. The speculations suggested a move towards Web3 technologies that raised eyebrows across the financial landscape.
No Official Agreement Exists
Ant Group confirmed that there is currently no official agreement or commercial arrangement in place with Hainan Huatie. The company emphasized that any suggested cooperation involving stablecoins or real-world assets was purely speculative and without merit. This clarification aims to dispel any misconceptions that could mislead investors and stakeholders.
Addressing Market Rumors
Furthermore, Ant Group took the opportunity to address other unfounded claims of collaboration between Ant Digital and various entities concerning RWAs and stablecoin projects. “Recently, some market players have been circulating hot concepts like RWAs and stablecoins, falsely implying a partnership with Ant Financial,” the company’s statement outlined.
Investor Caution Advised
Ant Group strongly advised investors and partners to exercise caution when evaluating market rumors and to remain vigilant about potential investment risks. The firm highlighted the importance of accurate information, especially in a fast-evolving landscape such as fintech, where misinformation can lead to significant financial repercussions.
Legal Actions Against Misinformation
The company has also indicated that it is prepared to pursue legal action against any entities disseminating disinformation under its name. The statement underscored the seriousness of unauthorized use of the Ant Group name for promotional purposes, which can significantly harm brand integrity and public trust.
Future of Stablecoins at Ant Group
Despite the current rumors, Ant Group is reportedly exploring the acquisition of stablecoin licenses in regions like Hong Kong, Singapore, and Luxembourg. A spokesperson confirmed that the company is planning to apply for a stablecoin transmitter license in Hong Kong, particularly following new regulations set to take effect in August 2025.
Implications of New Legislative Framework
According to the forthcoming legislation, all entities seeking to issue stablecoins pegged to Hong Kong dollars or operate within the region will be required to secure a license from the Hong Kong Monetary Authority. This regulatory move is expected to enhance the stability and authenticity of digital currencies in the rapidly changing financial environment.