Tiansheng Capital Announces Plan to Apply for Hong Kong Stablecoin License

According to Jinse Finance, Tiansheng Capital has announced plans to apply for a Hong Kong stablecoin license by establishing a digital asset trading and settlement company. The company also plans to use its stablecoin as the digital currency for art transactions and settlements, aiming to facilitate international art and cultural relic trading in Hong Kong. Tiansheng Capital intends to leverage the Hong Kong stablecoin platform as a compliant digital payment solution, focusing on cross-border trade settlement services.