{"id":24029,"date":"2024-07-01T17:00:06","date_gmt":"2024-07-01T14:00:06","guid":{"rendered":"https:\/\/coinengineer.io\/?p=24029"},"modified":"2024-07-01T11:32:50","modified_gmt":"2024-07-01T08:32:50","slug":"ant-group-boosts-blockchain-capital-to-206-million","status":"publish","type":"post","link":"https:\/\/coinengineer.net\/blog\/ant-group-boosts-blockchain-capital-to-206-million\/","title":{"rendered":"Ant Group Boosts Blockchain Capital to $206 Million"},"content":{"rendered":"

As the Chinese conglomerate keeps up its blockchain drive, Ant Digital Technologies<\/strong>, the blockchain division of Alibaba’s fintech partner Ant Group<\/strong>, has increased the registered capital for two companies.<\/p>\n

The fintech behemoth has confirmed that Ant Blockchain Technology<\/strong> (Shanghai) Co. has lately changed its business registration with Chinese regulators, boosting its registered capital to 1.5 billion yuan ($206.4 million) from 100 million yuan.<\/p>\n

Established in December 2018, the blockchain department is registered to run companies in hardware retail, information technology services, software development, etc.<\/p>\n

Another Ant Digital Technologies<\/strong> subsidiary, Ant Chain<\/strong> (Shanghai) Digital Technology Co., had earlier raised its registered capital to 2.1 billion yuan ($288.9 million) from 100 million yuan, the business said.<\/p>\n

China prohibited all cryptocurrency transactions on the mainland in September 2021; however, the nation is open to homegrown blockchain technology and digital economies; Chinese tech titans like Alibaba and Tencent are focused on building their own consortia blockchains.<\/p>\n

For instance, in July 2020, Ant Group<\/strong> introduced Ant Chain<\/strong> as its blockchain trademark. Ant Digital Technologies<\/strong> debuted its international blockchain brand ZAN in September 2023.<\/p>\n

Along with Hong Kong’s blockchain community created in May to develop wholesale central bank digital currency and tokenization, Ant Digital Technologies<\/strong> is also a member.<\/p>\n

You can also freely share your thoughts and comments about the topic in the comment section. Additionally, don\u2019t forget to follow us on our Telegram,\u00a0<\/strong><\/a>YouTube<\/strong><\/a>,\u00a0and\u00a0Twitter<\/strong><\/a>\u00a0channels for the latest\u00a0news<\/a> and updates.<\/em><\/p>\n","protected":false},"excerpt":{"rendered":"

As the Chinese conglomerate keeps up its blockchain drive, Ant Digital Technologies, the blockchain division of Alibaba’s fintech partner Ant Group, has increased the registered capital for two companies. The fintech behemoth has confirmed that Ant Blockchain Technology (Shanghai) Co. has lately changed its business registration with Chinese regulators, boosting its registered capital to 1.5<\/p>\n","protected":false},"author":6,"featured_media":24039,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[1],"tags":[7108,7107],"class_list":["post-24029","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-genel","tag-ant-digital-technologies","tag-ant-group"],"yoast_head":"\nAnt Group Boosts Blockchain Capital to $206 Million - Coin Engineer<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/coinengineer.net\/blog\/ant-group-boosts-blockchain-capital-to-206-million\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Ant Group Boosts Blockchain Capital to $206 Million - Coin Engineer\" \/>\n<meta property=\"og:description\" content=\"As the Chinese conglomerate keeps up its blockchain drive, Ant Digital Technologies, the blockchain division of Alibaba’s fintech partner Ant Group, has increased the registered capital for two companies. The fintech behemoth has confirmed that Ant Blockchain Technology (Shanghai) Co. has lately changed its business registration with Chinese regulators, boosting its registered capital to 1.5\" \/>\n<meta property=\"og:url\" content=\"https:\/\/coinengineer.net\/blog\/ant-group-boosts-blockchain-capital-to-206-million\/\" \/>\n<meta property=\"og:site_name\" content=\"Coin Engineer\" \/>\n<meta property=\"article:published_time\" content=\"2024-07-01T14:00:06+00:00\" \/>\n<meta property=\"article:modified_time\" content=\"2024-07-01T08:32:50+00:00\" \/>\n<meta property=\"og:image\" content=\"https:\/\/coinengineer.net\/blog\/wp-content\/uploads\/2024\/07\/a4d8f5ea52693f8c9f244790a8cf8c6d.jpg\" \/>\n\t<meta property=\"og:image:width\" content=\"640\" \/>\n\t<meta property=\"og:image:height\" content=\"320\" \/>\n\t<meta property=\"og:image:type\" content=\"image\/jpeg\" \/>\n<meta name=\"author\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n<meta name=\"twitter:card\" content=\"summary_large_image\" \/>\n<meta name=\"twitter:label1\" content=\"Written by\" \/>\n\t<meta name=\"twitter:data1\" content=\"Tanju Akb\u0131y\u0131k\" \/>\n\t<meta name=\"twitter:label2\" content=\"Est. reading time\" \/>\n\t<meta name=\"twitter:data2\" content=\"1 minute\" \/>\n<script type=\"application\/ld+json\" class=\"yoast-schema-graph\">{\"@context\":\"https:\/\/schema.org\",\"@graph\":[{\"@type\":\"WebPage\",\"@id\":\"https:\/\/coinengineer.net\/blog\/ant-group-boosts-blockchain-capital-to-206-million\/\",\"url\":\"https:\/\/coinengineer.net\/blog\/ant-group-boosts-blockchain-capital-to-206-million\/\",\"name\":\"Ant Group Boosts Blockchain Capital to $206 Million - 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