Publicly traded company Nano Labs plans to apply for a Hong Kong Dollar and Offshore Chinese Yuan stablecoin business license

BlockBeats News, June 23, the publicly listed company Nano Labs Ltd (stock code: NA) announced today that, following the formal implementation of the "Hong Kong Stablecoin Act," the company plans to collaborate with other entities to apply for a license to operate Hong Kong dollar and offshore Renminbi stablecoin-related businesses.

At the same time, Nano Labs also plans to build a technical framework for stablecoins, focusing on supporting blockchain networks such as Bitcoin and BNB. Nano Labs looks forward to establishing strategic partnerships to support the stablecoin ecosystem and the broader Web 3.0 industry development.

On May 21, 2025, the Hong Kong Legislative Council passed the "Stablecoin Act," establishing a licensing system for fiat-pegged stablecoin (FRS) issuers, further solidifying Hong Kong's position as a global digital asset financial center. On June 6, 2025, the Hong Kong government published a notice in the Gazette announcing that the act would officially take effect on August 1, 2025.

Nano Labs Ltd is a Web 3.0 infrastructure and product solutions provider, dedicated to the research and development of High Throughput Computing (HTC) chips and High-Performance Computing (HPC) chips. The company has built a complete Floating Point Unit (FPU) architecture, integrating the technical features of HTC and HPC to provide the market with integrated solutions.