In 2024, Ant International reported nearly $3 billion in revenue, reflecting strong growth in its treasury business, which is expected to benefit from the anticipated stablecoin licenses.

Ant International, backed by Jack Ma, is set to apply for regulated stablecoin licenses in Singapore and Hong Kong, aiming to issue fiat-referenced stablecoins.

This strategic shift towards blockchain services comes in response to stricter regulatory measures that have impacted Ant's traditional lending operations in China since its IPO was halted in 2020.

The company plans to submit its application in Hong Kong by August 1, 2025, coinciding with the upcoming implementation of the Stablecoins Ordinance.

To bolster its payment solutions, Ant has formed partnerships with over 10 global banks, including HSBC, JPMorgan Chase, and Deutsche Bank.

Ant's Whale platform, which processes a third of the company's $1 trillion in annual global transactions, will support tokenized assets and utilize blockchain technology.

Hong Kong's regulatory framework for stablecoins has been under development since 2023 and is expected to provide a clear compliance pathway for companies like Ant.

As the retail landscape evolves, companies are adopting advanced technologies like augmented reality and seamless payment solutions to enhance consumer experiences.

In light of growing concerns about financial stability and money laundering risks, global regulators are tightening oversight of stablecoins, prompting major financial centers to establish clearer frameworks.

Ant Group's stablecoin initiative aims to enhance cross-border payment efficiency, potentially challenging existing financial systems like remittance services and credit card networks.

The Whale platform employs advanced technologies such as homomorphic encryption for privacy and artificial intelligence to enhance fund transfer efficiency.

The stablecoin market has reached a circulation of $243 billion as of May 2025, underscoring its significance in crypto trading and remittances.