Insider: LianLian Digital is Actively Exploring Applying for Stablecoin Licenses in Singapore and Hong Kong, China

BlockBeats News, June 14, according to the "Daily Economic News" report, insiders revealed that following the announcement of Ant International's plans to apply for a stablecoin license in Singapore and Hong Kong, LianLian Digital is also actively exploring the possibility of applying for related licenses in these regions.

Currently, LianLian Digital has established a dedicated team to drive stablecoin-related projects and conduct use-case studies. LianLian Digital currently holds a total of 65 payment licenses across various regions globally. Its wholly-owned subsidiary, DFX Labs Company Limited, has also obtained a Virtual Asset Trading Platform (VATP) license issued by the Hong Kong Securities and Futures Commission as of December 2024. Industry observers believe that this VATP license could create a synergistic effect with the stablecoin license that the group is potentially poised to acquire in the future.