Ant Group launches a new blockchain brand for Web3 developers

Ant Group, the proprietor of the world's largest mobile outgo level Alipay, revealed its caller sub-brand nether the sanction ZAN. The marque volition absorption connected blockchain improvement and services for some organization and idiosyncratic Web3 developers. 

The authoritative property release, published connected Sept. 8, cites a wide scope of method products and services, which ZAN volition connection to its clients. It starts with a solution to assistance Web3 companies contented and negociate real-world assets (RWAs) successful compliance with section regulatory requirements. Then it covers a bid of method products, including physics Know-Your-Customer (eKYC), Anti-Money Laundering (AML) and Know-Your-Transactions (KYT) for Web3.

ZAN volition besides supply Smart Contract Reviews (SCR) and Node Services including Remote Procedure Calls (RPC) for gathering dApps.

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Earlier this year, during the Hong Kong Web3 Festival, a Web3 decentralized individuality information aggregator HashKey DID announced its adoption of ZAN eKYC. HashKey Group participated successful ZAN’s marque motorboat ceremonial arsenic 1 of its archetypal partners.

In July, media reported that the Ant Group is looking to exclude its blockchain branch from a main entity, which volition beryllium applying for a fiscal holding licence successful China. 

In 2020, Ant Group aimed for a $226 cardinal valuation with a $30 cardinal IPO successful Hong Kong and Shanghai. If it had succeeded, this IPO would person been the biggest ever, beating records similar the $29.4 cardinal raised by the Saudi Aramco IPO. But backmost past this program was blocked by the Chinese government. Now the institution prepares to to spell nationalist connected Hong Kong exchange.

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