Nano Labs to Enter Stablecoin Market Following Hong Kong Legislation

Nano Labs Ltd. Sponsored ADR Class A ( (NA) ) has provided an announcement.

On June 23, 2025, Nano Labs Ltd announced plans to apply for licenses to operate Hong Kong dollar and offshore RMB stablecoin businesses, following the enactment of the Hong Kong Stablecoins Bill. This move is part of their strategy to develop a technical framework for stablecoins and foster the growth of the stablecoin ecosystem and the broader Web 3.0 industry. The Hong Kong Stablecoins Bill, passed on May 21, 2025, establishes a licensing regime for fiat-referenced stablecoin issuers, reinforcing Hong Kong’s position as a global financial hub for digital assets.

Spark’s Take on NA Stock

According to Spark, TipRanks’ AI Analyst, NA is a Neutral.

Nano Labs’ overall stock score reflects its significant financial challenges, despite positive technical indicators and strategic efforts in its earnings call. The company’s valuation remains a concern due to ongoing losses. Technical analysis shows bullish momentum, but the high RSI suggests caution. Improvements in profitability and cash flow are critical for future success.

To see Spark’s full report on NA stock, click here.

More about Nano Labs Ltd. Sponsored ADR Class A

Nano Labs Ltd is a prominent Web 3.0 infrastructure and product solution provider based in China. The company specializes in developing high throughput computing (HTC) and high performance computing (HPC) chips, offering solutions that integrate features of both. Nano Labs has established an integrated solution platform covering HTC and HPC solutions, with its proprietary Cuckoo series chips serving as alternative ASIC solutions for traditional GPUs. The company has also adopted Bitcoin as a primary reserve asset.

Average Trading Volume: 139,421

Technical Sentiment Signal: Buy

Current Market Cap: $208.6M

For detailed information about NA stock, go to TipRanks’ Stock Analysis page.