According to PANews, Tiansheng Capital is planning to apply for a Hong Kong stablecoin license by establishing a digital asset trading and settlement company. The company intends to use its stablecoin as a digital currency for art transactions and settlements, aiming to enhance art and cultural relic trading in Hong Kong. Tiansheng Capital aspires to provide a compliant digital payment solution through the Hong Kong stablecoin platform, focusing on cross-border trade settlement services.