Alibaba affiliate 'Ant Group' files trademark application for 'AntCoin' in Hong Kong

Source
Uk Jin

Summary

  • 'Ant Group' has applied for trademarks related to virtual assets, including 'AntCoin', in Hong Kong.
  • They said this trademark registration suggests the possibility of expanding into new business areas beyond the existing payment system.
  • Industry sources said this move by Ant Group could be an early stage of fintech and Web3 business development.

Attention is focused on whether China's fintech giant 'Ant Group' will enter the virtual asset (cryptocurrency) business.

On the 27th (Korean time), according to the Hong Kong Economic Journal, Ant Group registered trademarks in Hong Kong related to virtual assets, stablecoins, and blockchain, including 'ANTCOIN (AntCoin)'.

An industry source said, "This application may be an early stage of Ant Group's fintech and Web3 business development aimed at expanding into new business areas beyond its existing payment system."

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Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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