Insiders: Lianlian Digital may apply for stablecoin licenses in Singapore and Hong Kong, China, and has established a dedicated team

According to a report by Golden Finance, according to the Daily Economic News, according to insiders, following the news of Ant International's plan to apply for stablecoin licenses in Singapore and Hong Kong, China, Lianlian Digital is actively exploring the possibility of applying for relevant licenses in these regions. At present, Lianlian Digital has established a dedicated team responsible for promoting stablecoin related projects and conducting use case research. Lianlian Digital currently holds a total of 65 payment licenses in multiple regions around the world. Its wholly-owned subsidiary DFX Labs Company Limited also obtained a Virtual Asset Trading Platform (VATP) license issued by the Hong Kong Securities and Futures Commission in December 2024. It is believed that this VATP license will have a synergistic effect with the stablecoin license that the group may obtain in the future.