Listed company Nano Labs plans to apply for a Hong Kong dollar and offshore RMB stablecoin business license

Listed company NanoLabs Ltd (Stock Code: NA) today announced that upon the official entry into force of the Hong Kong Stablecoin Act (hereinafter referred to as the "Stablecoin Act"), the company plans to cooperate with other entities to apply for licenses to operate businesses related to Hong Kong dollar and offshore RMB stablecoins. At the same time, NanoLabs also plans to build a technical framework for stablecoins, with a focus on supporting blockchain networks such as Bitcoin and BNB. NanoLabs looks forward to establishing strategic partnerships to support the development of the stablecoin ecosystem and the broader Web 3.0 industry. On May 21, 2025, the Hong Kong Legislative Council passed the Stablecoin Act, establishing a licensing system for issuers of fiat currency-linked stablecoins (FRS), further solidifying Hong Kong's position as a global financial center for digital assets. On June 6, 2025, the Hong Kong government published a notice in the Gazette, announcing that the law would come into effect on August 1, 2025. NanoLabs Ltd is a Web 3.0 infrastructure and product solution provider, dedicated to the research and development of high-throughput computing (HTC) chips and high-performance computing (HPC) chips. The company has built a complete stream processing unit (FPU) architecture, fusing the technical characteristics of HTC and HPC to provide integrated solutions for the market.