CoinDesk Podcast Network Alibaba Affiliate Ant Group Files 'AntCoin' Trademark in Hong Kong | CoinDesk Daily
Oct 27, 2025
Ant Group is making waves by filing a trademark for AntCoin in Hong Kong, signaling a potential move into the stablecoin space. This filing comes just before the Hong Kong FinTech Week, aligning with the city's push towards cryptocurrency innovation. Meanwhile, Pernetix, backed by David Beckham, has raised nearly $47 million for its Bitcoin strategy, while BitMine has dramatically increased its Ethereum holdings, now boasting over 3.3 million ETH. Exciting developments are set to reshape the fintech landscape!
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AntCoin Trademark Signals Crypto Ambition
- Ant Group filed a trademark for AntCoin in Hong Kong covering stablecoin issuance and custody.
- The filing signals a potential major push into blockchain financial services aligned with Hong Kong's Web3 agenda.
Filing Covers Stablecoins And Custody
- The trademark includes activities like stablecoin issuance and digital asset custody, implying broad crypto service plans.
- The timing ahead of Hong Kong FinTech Week ties the move to a citywide push for a crypto-forward Web3 economy.
David Beckham-Backed Firm Raises Crypto Funds
- Pernetix, backed by David Beckham, raised $46.8 million and will expand its wellness brand IM8.
- The company also plans to advance a Bitcoin treasury strategy and attracted investments from crypto firms like Kraken.