China 33 Media Group Limited has announced its intention to apply for the Hong Kong stablecoin license, a move reflecting its strategic direction towards digital asset integration. This initiative will be financed through the net proceeds from the placement of new shares under a general mandate and existing cash reserves. The Hong Kong government's Stablecoin Ordinance, set to commence on August 1, 2025, introduces a licensing regime for regulated stablecoin activities, aiming to position Hong Kong as a key player in the global digital asset ecosystem. The Group also plans to engage actively in Hong Kong's regulatory pilot programs to promote stablecoin issuance and adoption. The announcement highlights China 33 Media Group's commitment to aligning with emerging financial technologies and regulatory frameworks. No mention was made of other organizations obtaining funding or grants in conjunction with this announcement.
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