Ant Group Denies Collaboration Rumors Involving RWA and stablecoins
Ant Group has officially denied rumors of a partnership with Hainan Huatie, a Chinese company, to explore RWA and stablecoins. In a statement on WeChat,Ant Group clarified that there’s no formal agreement or business arrangement between the two firms.
Hainan Huatie specializes in AI-computing services. Recent speculation suggested Ant Group might collaborate on web3 projects like stablecoins and real-world assets. However,the company has debunked these claims.
Ant Group also addressed other false rumors about its digital technology arm, Ant Digital. They warned entities spreading misinformation that they will face legal action for unauthorized use of the company’s name.
Ant Group advised investors and partners to be cautious of market rumors. “Some companies are hyping up hot concepts like RWA and stablecoins, implying false cooperation,” they stated in the release.
- Ant Group denies any formal partnership with Hainan Huatie.
- The company warns against spreading false rumors.
- Investors should be wary of market misinformation.
On a related note, Ant Group’s International arm plans to obtain a stablecoin issuer license in Hong Kong. This move aligns with the city’s new Stablecoins Ordinance, set to take effect in August 2025.
Under the new law, all entities wishing to issue or operate stablecoins pegged to the Hong Kong dollar must obtain a license from the Hong Kong Monetary Authority.This growth is separate from the collaboration rumors.
