NanoLabs plans to apply for a Hong Kong stablecoin license to support Bitcoin and other blockchain networks.

[Golden Finance] According to reports, the listed company NanoLabs Ltd (stock code: NA) announced today that after the "Hong Kong Stablecoin Ordinance" (hereinafter referred to as the "Stablecoin Ordinance") officially takes effect, the company plans to collaborate with other entities to apply for licenses to operate businesses related to Hong Kong Dollar and offshore Renminbi stablecoins. Meanwhile, NanoLabs also plans to build a technological framework for stablecoins, focusing on supporting Bitcoin and certain trading platforms within blockchain networks. NanoLabs looks forward to establishing strategic partnerships to support the development of the stablecoin ecosystem and the broader Web3.0 industry.

On May 21, 2025, the Hong Kong Legislative Council passed the "Stablecoin Bill," establishing a licensing system for issuers of fiat-backed stablecoins (FRS), further solidifying Hong Kong's position as a global financial center for digital assets. On June 6, 2025, the Hong Kong government announced in the Gazette that the bill would officially take effect on August 1, 2025.

NanoLabs Ltd is a provider of Web3.0 infrastructure and product solutions, committed to the research and development of high throughput computing (HTC) chips and high performance computing (HPC) chips. The company has built a complete flow processing unit (FPU) architecture, integrating the technical characteristics of HTC and HPC to provide integrated solutions for the market.