Ant Group, owner of Alipay, has launched a new sub-brand, ZAN, focusing on blockchain development and services for Web3 developers.
The brand will offer a range of technical products and services, including solutions for issuing and managing real-world assets in compliance with local regulations, electronic KYC, Anti-Money Laundering and Know Your Transaction checks, smart contract reviews, and node services.
This move comes after Bloomberg reported in July that Ant Group was planning to separate its blockchain branch from its main entity as it applies for a financial holding license in China.
ZAN is a comprehensive platform that focuses on blockchain development and services. It is designed to offer a broad scope of technical products and services to its clients, starting from helping Web3 companies issue and manage real-world assets (RWAs) in compliance with local regulatory requirements.
This includes a series of technical products, including electronic Know Your Customer (KYC), Anti-Money Laundering (AML), and Know Your Transaction (KYT) checks for Web3. Additionally, ZAN will provide smart contract reviews and node services, including remote procedure calls for building decentralized applications (DApps).
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