According to “The Block” report, Ant Group’s blockchain division, “Ant Digital Technologies,” has increased the registered capital for two of its subsidiaries. This fintech giant has confirmed to The Block that Ant Blockchain Technology (Shanghai) Co., Ltd. recently amended its business registration, raising the registered capital from 100 million yuan to 1.5 billion yuan (approximately 206.4 million USD). Established in December 2018, the blockchain division’s registered business operations include software development, hardware retail, and information technology services.
Another subsidiary under Ant Digital Technologies, Ant Chain (Shanghai) Digital Technologies Co., Ltd., also previously increased its registered capital from 100 million yuan to 2.1 billion yuan (approximately 288.9 million USD).
A spokesperson for Ant Digital Technologies stated in an email response: “Although China banned all cryptocurrency transactions within the mainland in September 2021, the country still maintains an open attitude towards local blockchain technology and the digital economy—Chinese tech giants like Alibaba and Tencent are focusing on developing their own consortium chains. For instance, Ant Group launched its blockchain brand Ant Chain in July 2020. In September 2023, Ant Digital Technologies introduced its international blockchain brand ZAN.”
Ant Digital Technologies is also part of a blockchain industry community established in Hong Kong in May, which aims to develop wholesale central bank digital currencies and tokenization.
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