Nano Labs Plans to Apply for License for HKD and Offshore RMB Stablecoin Businesses

Core Insights - Nano Labs Ltd plans to apply for licenses to operate Hong Kong dollar and offshore RMB stablecoin businesses in partnership with other entities following the enactment of the Hong Kong Stablecoins Bill [1][3] - The company aims to develop a technical framework for stablecoins, focusing on blockchain networks such as Bitcoin and Binance Coin [2] - The Stablecoins Bill, passed on May 21, 2025, establishes a licensing regime for fiat-referenced stablecoin issuers, enhancing Hong Kong's position as a global financial hub for digital assets [3] Company Overview - Nano Labs Ltd is a leading provider of Web 3.0 infrastructure and product solutions in China, focusing on high throughput computing (HTC) and high performance computing (HPC) chips [4] - The company has developed a comprehensive flow processing unit (FPU) architecture that integrates features of both HTC and HPC [4] - Nano Labs has established Bitcoin as its primary reserve asset and offers integrated solutions across three main business verticals, including HTC and HPC solutions [4]