Ant Group has officially refuted allegations of a partnership with Hainan Huatie concerning stablecoins and real-world assets (RWA).
In a recent announcement shared on WeChat, Ant Group clarified that it is not in any discussion nor has it entered any collaborative agreements with Hainan Huatie, a Chinese enterprise specializing in AI-driven computing services, to explore ventures in the emerging web3 ecosystem.
Reports had circulated suggesting that Ant Group’s digital technology division was preparing to engage in a partnership with Hainan Huatie, focusing on innovative financial tools involving stablecoins and real-world assets. However, the fintech giant emphasized in their statement that there are currently no formal agreements or collaborative projects between the two companies.
Furthermore, Ant Group took this opportunity to dispel various other rumors regarding purported collaborations involving their digital finance segment in relation to web3 topics, including RWAs and stablecoins.
The company commented, “Recently, several market players have promoted popular concepts such as RWA and stablecoins, indicating fictitious partnerships with Ant Financial.”
“We urge investors and partners to be vigilant against such market rumors and be aware of potential investment risks,” the statement further warned.
In a stern tone, Ant Group threatened legal action against those who disseminate false information, particularly concerning the “unauthorized use of our company’s name for improper publicity.” It remains uncertain if this step is linked to earlier reports indicating that Ant International planned to pursue stablecoin issuance licenses in jurisdictions like Hong Kong, Singapore, and Luxembourg, as previously reported by crypto.news.
Notably, on June 12, Ant Group’s International division confirmed its intentions to secure a stablecoin issuer license in Hong Kong, ahead of the implementation of the city’s Stablecoins Ordinance, which is set to take effect in August 2025.
This new regulation mandates that any entity wishing to issue stablecoins pegged to the Hong Kong dollar, or operate in the region, must secure a license from the Hong Kong Monetary Authority.
