Following Ant, LianLian Digital has formed a dedicated team to increase its stablecoin layout

According to people familiar with the matter, after Ant International announced plans to apply for stablecoin issuer licenses in Singapore and Hong Kong, China, LianLian Digital followed suit and is actively studying the feasibility of applying for relevant licenses in the above regions. At present, the company has set up a dedicated team to promote stablecoin-related projects and simultaneously carry out multiple use case explorations and technical verifications.

LianLian Digital has long been committed to expanding global payment services and currently holds a total of 65 payment-related financial licenses in multiple countries and regions. In December 2024, DFX Labs Company Limited, a wholly-owned subsidiary of LianLian Digital, officially obtained a virtual asset trading platform (VATP) license issued by the Securities and Futures Commission (SFC) of Hong Kong. Industry insiders believe that if LianLian successfully obtains a stablecoin license in the future, it may achieve business synergy with the existing VATP business in the fields of compliant virtual asset payment, settlement and custody, and further enhance the group's strategic layout in the virtual asset compliance ecosystem.

The source added that LianLian Digital is focusing on evaluating stablecoin product design solutions combined with cross-border e-commerce payment, B2B clearing and settlement, and digital currency trading scenarios to respond to the current global stablecoin compliance trend. If the relevant application proceeds smoothly, LianLian is expected to become the second Chinese financial technology company after Ant International to build a closed-loop capability of "payment + stablecoin + trading platform" in the core financial market in Asia.