Ant Group applies for Web3-related trademarks including "ANTCOIN" in Hong Kong

On October 27, the Hong Kong Economic Journal reported that Ant Group has recently launched a series of trademark registration applications in Hong Kong related to virtual assets, stablecoins, and blockchain technology.

One of the most notable applications is for "ANTCOIN," which is widely speculated to be a forward-looking move by Ant Group to expand its digital asset and blockchain businesses.

This move demonstrates that Ant Group is actively pushing the boundaries of traditional payment services and intends to delve deeper into the new field of financial technology. Against the backdrop of the accelerating evolution of the global digital economy, a focus on virtual assets and blockchain will not only help consolidate its technological advantages but also lay the foundation for building a broader financial services ecosystem.

This trademark application may indicate that Ant Group will explore innovative areas such as stablecoin issuance, digital asset management, and blockchain technology applications within a compliant framework, paving the way for future business diversification.