Ant Group Launches Sub-Brand ZAN, Targeting Blockchain Development for Web3 Developers
Summary:
Ant Group, the owner of Alipay, has unveiled its new sub-brand called ZAN, which will focus on blockchain development and services for Web3 developers. The brand aims to offer technical solutions for managing real-world assets, eKYC, AML, KYT, smart contract reviews, and node services. HashKey DID has already integrated ZAN's eKYC, and Ant Group plans to go public on the Hong Kong exchange.
Ant Group, the owner of the popular mobile payment platform Alipay, has announced the launch of its new sub-brand called ZAN. ZAN will specifically focus on the development and provision of blockchain services for both institutional and individual Web3 developers. According to an official press release on September 8, ZAN will offer a wide range of technical products and services to its clients. This includes assisting Web3 companies in issuing and managing real-world assets in compliance with regulatory requirements. Additionally, ZAN will provide several technical offerings such as electronic Know-Your-Customer (eKYC), Anti-Money Laundering (AML), and Know-Your-Transaction (KYT) solutions for Web3. The brand will also offer Smart Contract Reviews (SCR) and Node Services, including Remote Procedure Calls (RPC), for dApp development. Earlier this year, during the Hong Kong Web3 Festival, HashKey DID, a decentralized identity data aggregator, announced its integration of ZAN eKYC. As one of ZAN's initial partners, HashKey Group participated in the brand launch ceremony. In July, there were reports stating that Ant Group is planning to separate its blockchain branch from the main entity and apply for a financial holding license in China. Ant Group had previously aimed for a $226 billion valuation and planned a $30 billion IPO in Hong Kong and Shanghai in 2020. However, the IPO was ultimately blocked by the Chinese government. Now, the company is preparing to go public on the Hong Kong exchange.
Published At
9/8/2023 7:45:08 AM
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