Ant International, Ant Group’s overseas arm based in Singapore, is exploring stablecoin license applications globally to support efficient cross-border payments—and emphasizes non-crypto transactions as its focus.
1. Vision for Stablecoins
Kelvin Li, Head of Platform Tech, stated at Reuters Next in Singapore that Ant International is dedicating efforts toward stablecoin-based payments focused on fiat conversion, not speculative crypto use. The goal is to offer seamless customer experience for institutional clients.
2. Regulatory Considerations
Ant is evaluating jurisdictions where central banks or fintech regulators offer stablecoin licensing frameworks. The firm expects to engage with MAS, European regulators, and Middle East authorities to align compliance standards.
3. Strategic Fit in Payments Ecosystem
The move positions Ant International as a bridge between legacy banks and digital-native payment platforms. Collaborations include tokenized deposits and foreign exchange partnerships, signaling increased institutional uptake. Wikipedia
4. Risks and Opportunity
While stablecoins provide efficiency, regulatory scrutiny is intensifying. Operational guidelines on AML, collateral backing, and reserve audits may impact licensing timelines. If executed well, Ant could pioneer Asia’s first bank-integrated stablecoin rails.
Editor’s Note:
Ant International’s shift reflects a broader convergence of fintech and traditional banking. Stablecoin infrastructure may underpin future cross‑border APIs and digital treasury services.
Tags:
ant‑international, stablecoin‑application, fintech‑innovation, global‑payments
About the Author
Marks Toms – Editor-in-Chief
Marks oversees editorial policy, compliance, and fact-checking at bankaccountsopen.
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