{"id":862583,"date":"2025-06-23T08:33:26","date_gmt":"2025-06-23T12:33:26","guid":{"rendered":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-labs-plans-to-apply-for-license-for-hkd-and-offshore-rmb-stablecoin-businesses\/"},"modified":"2025-06-23T08:33:26","modified_gmt":"2025-06-23T12:33:26","slug":"nano-labs-plans-to-apply-for-license-for-hkd-and-offshore-rmb-stablecoin-businesses","status":"publish","type":"post","link":"https:\/\/www.marketnewsdesk.com\/index.php\/nano-labs-plans-to-apply-for-license-for-hkd-and-offshore-rmb-stablecoin-businesses\/","title":{"rendered":"Nano Labs Plans to Apply for License for HKD and Offshore RMB Stablecoin Businesses"},"content":{"rendered":"<div class=\"mw_release\">\n<p align=\"justify\">HONG KONG, June  23, 2025  (GLOBE NEWSWIRE) &#8212; Nano Labs Ltd (Nasdaq: NA) (\u201cwe,\u201d the \u201cCompany\u201d or \u201cNano Labs\u201d), a leading Web 3.0 infrastructure and product solution provider in China, today announced that it plans to apply for relevant licenses to operate Hong Kong dollar and offshore RMB stablecoin businesses in partnership with other entities, following the official enactment of the Hong Kong Stablecoins Bill (the \u201cStablecoins Bill\u201d).<\/p>\n<p align=\"justify\">In parallel, Nano Labs plans to develop a technical framework for stablecoins, focusing on blockchain networks such as Bitcoin and Binance Coin (the \u201cBNB\u201d). Nano Labs looks forward to forming strategic partnerships and providing strong support to foster the development of both the stablecoin ecosystem and the broader Web 3.0 industry.<\/p>\n<p align=\"justify\">On May 21, 2025, the Legislative Council of Hong Kong passed the Stablecoins Bill, establishing a licensing regime for fiat-referenced stablecoin (\u201cFRS\u201d) issuers and reinforcing Hong Kong\u2019s role as a global financial hub for digital assets. On June 6, 2025, the Hong Kong government published a notice in the Gazette appointing August 1, 2025 as the effective date for the Stablecoins Ordinance.<\/p>\n<p align=\"justify\">\n        <strong>About Nano Labs Ltd<\/strong>\n      <\/p>\n<p align=\"justify\">Nano Labs Ltd is a leading Web 3.0 infrastructure and product solution provider in China. Nano Labs is committed to the development of high throughput computing (\u201cHTC\u201d) chips and high performance computing (\u201cHPC\u201d) chips. Nano Labs has built a comprehensive flow processing unit (\u201cFPU\u201d) architecture which offers solution that integrates the features of both HTC and HPC. In addition, it has established Bitcoin value investment and adopted Bitcoin as primary reserve asset. Nano Labs has established an integrated solution platform covering three main business verticals, including HTC solutions and HPC solutions. The HTC solutions feature its proprietary\u00a0<em>Cuckoo<\/em>\u00a0series chips, which have become alternative Application-Specific Integrated Circuit (\u201cASIC\u201d) solutions for traditional GPUs. Nano Lab\u2019s Cuckoo series are one of the first near-memory HTC chips available in the market*. For more information, please visit the Company\u2019s website at: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=IV2Z5z0d431Pt8rJmwblQhkQZlP6w0fUgvrNoO7kTZcTWsnElzB_yT_P6HU5i3oVT4VxJtLhlMbzIcPsq9fkBQ==\" rel=\"nofollow\" target=\"_blank\">ir.nano.cn<\/a>.<\/p>\n<p align=\"justify\">*\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0\u00a0According to an industry report prepared by Frost &amp; Sullivan.<\/p>\n<p align=\"justify\">\n        <strong><br \/>\n          <em>Forward-Looking Statements<\/em><br \/>\n        <\/strong>\n      <\/p>\n<p align=\"justify\">\n        <em>This press release contains forward-looking statements within the meaning of Section 21E of the Securities Exchange Act of 1934, as amended,\u00a0<\/em>and\u00a0<em>as defined in the U.S. Private Securities Litigation Reform Act of 1995. These forward-looking statements include, without limitation, the Company\u2019s plan to appeal the Staff\u2019s determination, which can be identified by terminology such as \u201cmay,\u201d \u201cwill,\u201d \u201cexpect,\u201d \u201canticipate,\u201d \u201caim,\u201d \u201cestimate,\u201d \u201cintend,\u201d \u201cplan,\u201d \u201cbelieve,\u201d \u201cpotential,\u201d \u201ccontinue,\u201d \u201cis\/are likely to\u201d or other similar expressions. Such statements are based upon management\u2019s current expectations and current market and operating conditions, and relate to events that involve known or unknown risks, uncertainties and other factors, all of which are difficult to predict and many of which are beyond the Company\u2019s control, which may cause the Company\u2019s actual results, performance or achievements to differ materially from those in the forward-looking statements. Further information regarding these and other risks, uncertainties or factors is included in the Company\u2019s filings with the Securities and Exchange Commission. The Company does not undertake any obligation to update any forward-looking statement as a result of new information, future events or otherwise, except as required under law.<\/em><\/p>\n<p align=\"justify\">\n        <strong>For investor inquiries, please contact:<\/strong>\n      <\/p>\n<p align=\"justify\">\n        <strong>Nano Labs Ltd<\/strong><br \/>\n        <br \/>\n        <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=hPNfagnOGtfvgRCCQfxtik7i2GKLzJeeVcrzY6Kk0-qwPiGexsFgKOAJrPIGI38eq2alGJ8n5yT1FNownvTCew==\" rel=\"nofollow\" target=\"_blank\">ir@nano.cn<\/a>\n      <\/p>\n<p align=\"justify\">\n        <strong>Ascent Investor Relations LLC<\/strong><br \/>\n        <br \/>Tina Xiao<br \/>Phone: +1-646-932-7242<br \/>Email: <a href=\"https:\/\/www.globenewswire.com\/Tracker?data=8L50lHzcsKB31iMqUp8Ud7Mpe1MttFgV0SWMXG-GA2z97G736Qx3_7_Uv2caziig7gx1n48Tvevg-v1cEEinS8UHBT9Pc5fDSjqqDmKjhZZvf8afoGFyi_YxeC0jr3M4\" rel=\"nofollow\" target=\"_blank\">investors@ascent-ir.com<\/a><\/p>\n<p>      <img decoding=\"async\" alt=\"\" class=\"__GNW8366DE3E__IMG\" src=\"https:\/\/www.globenewswire.com\/newsroom\/ti?nf=OTQ4MjU4NSM3MDEyNzk4IzIyNDkwNzU=\" \/><br \/>\n      <br \/>\n      <img decoding=\"async\" alt=\"\" src=\"https:\/\/ml.globenewswire.com\/media\/MzZlM2QzZDEtMWQxMC00YWIzLWE1MGQtY2Y2ZDcwODJmMzdhLTEyNjA2MjgtMjAyNS0wNi0yMy1lbg==\/tiny\/Nano-Labs-Ltd-.png\" \/>\n    <\/div>\n<div class=\"mw_contactinfo\"><\/div>\n","protected":false},"excerpt":{"rendered":"<p>HONG KONG, June 23, 2025 (GLOBE NEWSWIRE) &#8212; Nano Labs Ltd (Nasdaq: NA) (\u201cwe,\u201d the \u201cCompany\u201d or \u201cNano Labs\u201d), a leading Web 3.0 infrastructure and product solution provider in China, today announced that it plans to apply for relevant licenses to operate Hong Kong dollar and offshore RMB stablecoin businesses in partnership with other entities, following the official enactment of the Hong Kong Stablecoins Bill (the \u201cStablecoins Bill\u201d). In parallel, Nano Labs plans to develop a technical framework for stablecoins, focusing on blockchain networks such as Bitcoin and Binance Coin (the \u201cBNB\u201d). Nano Labs looks forward to forming strategic partnerships and providing strong support to foster the development of both the stablecoin ecosystem and the broader Web 3.0 industry. On &hellip; <\/p>\n<p class=\"link-more\"><a href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nano-labs-plans-to-apply-for-license-for-hkd-and-offshore-rmb-stablecoin-businesses\/\" class=\"more-link\">Continue reading<span class=\"screen-reader-text\"> &#8220;Nano Labs Plans to Apply for License for HKD and Offshore RMB Stablecoin Businesses&#8221;<\/span><\/a><\/p>\n","protected":false},"author":2,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[],"tags":[],"class_list":["post-862583","post","type-post","status-publish","format-standard","hentry"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v28.2 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Nano Labs Plans to Apply for License for HKD and Offshore RMB Stablecoin Businesses - Market Newsdesk<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/www.marketnewsdesk.com\/index.php\/nano-labs-plans-to-apply-for-license-for-hkd-and-offshore-rmb-stablecoin-businesses\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Nano Labs Plans to Apply for License for HKD and Offshore RMB Stablecoin Businesses - Market Newsdesk\" \/>\n<meta property=\"og:description\" content=\"HONG KONG, June 23, 2025 (GLOBE NEWSWIRE) &#8212; Nano Labs Ltd (Nasdaq: NA) (\u201cwe,\u201d the \u201cCompany\u201d or \u201cNano Labs\u201d), a leading Web 3.0 infrastructure and product solution provider in China, today announced that it plans to apply for relevant licenses to operate Hong Kong dollar and offshore RMB stablecoin businesses in partnership with other entities, following the official enactment of the Hong Kong Stablecoins Bill (the \u201cStablecoins Bill\u201d). In parallel, Nano Labs plans to develop a technical framework for stablecoins, focusing on blockchain networks such as Bitcoin and Binance Coin (the \u201cBNB\u201d). Nano Labs looks forward to forming strategic partnerships and providing strong support to foster the development of both the stablecoin ecosystem and the broader Web 3.0 industry. 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In parallel, Nano Labs plans to develop a technical framework for stablecoins, focusing on blockchain networks such as Bitcoin and Binance Coin (the \u201cBNB\u201d). Nano Labs looks forward to forming strategic partnerships and providing strong support to foster the development of both the stablecoin ecosystem and the broader Web 3.0 industry. 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