Nano Labs Stablecoins – HKD & Offshore RMB
Issuer: Nano Labs Ltd. (Hong Kong)
Stock Listed: NASDAQ: NA
Status: Pre-launch, license pending (Hong Kong)
🧾 1. General Profile
| Item | Detail |
|---|---|
| Stablecoins | Nano HKD Stablecoin & Nano Offshore RMB Stablecoin |
| Issuer | Nano Labs Ltd. (Hong Kong) |
| Blockchain | Bitcoin Network & BNB Chain (planned) |
| Type | Fiat-referenced, centralized (planned under HK regulatory regime) |
| Peg Mechanism | 1:1 fiat backing (HKD or offshore RMB) |
| Launch Status | Not live yet – expected post licensing in H2 2025 |
🕰️ 2. Project History & Regulatory Background
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Nano Labs has publicly announced its intent to be among the first licensed issuers under the Hong Kong Stablecoin Regime (effective August 1, 2025).
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The firm is transitioning from a mining technology company to a broader blockchain infrastructure and finance player.
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The stablecoin initiative includes strict adherence to HKMA/SFC compliance, focusing on reserve transparencyand auditability.
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The Hong Kong bill requires full fiat reserves, monthly audits, and licensing under clear legal oversight.
📊 3. Reserve Model & Compliance
| Area | Assessment |
|---|---|
| License Status | Application pending; license not granted as of June 2025 |
| Jurisdiction | Hong Kong |
| Reserve Model | Fully fiat-backed (per HKMA guidelines) |
| Transparency | Roadmap, legal structure, and company information disclosed |
| Audit & Reporting | Monthly reserve audits required under new law |
🧪 4. User Experience (Planned)
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Wallet Support: Intended for Bitcoin- and BNB-compatible wallets.
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Exchange Integration: CEX/DEX partnerships not announced yet but likely in the APAC region.
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UX Expectations: Low gas fees on BNB Chain, security focus on Bitcoin; details pending.
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On/Off Ramps: Fiat on/off ramps expected through local payment partners and banks.
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User Reviews: None yet available (Trustpilot, Reddit, Google) – project is still in pre-launch phase.
🔒 5. Technical Infrastructure
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Smart Contract Security: Not yet audited; codebase not published at time of writing.
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Interoperability: Cross-chain compatibility planned (BTC ↔ BNB).
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Governance: No DAO or governance structure disclosed yet.
🏢 6. Institutional Relevance
| Factor | Details |
|---|---|
| Custodial Readiness | No partners named yet; likely candidates include Fireblocks, BitGo, etc. |
| Regulatory Outlook | Very positive under Hong Kong’s 2025 regime |
| Use Case | Offshore RMB coin targeted at APAC payments, HKD coin at global trade |
| Legal Structure | Publicly listed entity (Nano Labs Ltd.) |
🧭 7. Trustpilot & Community Feedback
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Trustpilot Rating: Not available (as of June 2025)
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Reddit/Community Signals: No negative signs, though user adoption is yet to begin
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Previous Nano Labs Products (e.g. mining hardware): Mixed reviews, mainly tech-focused
✅ 8. Final CyberFinance Compliance Rating
Rating Framework: Based on RatEx42 Compliance Color Coding
| Criteria | Color Code | Justification |
|---|---|---|
| Authorization | 🟠 ORANGE | No license issued yet; application under Hong Kong Stablecoin Bill pending |
| Transparency | 🟢 GREEN | Clear legal entity, listed company, transparent roadmap |
| Client Feedback | 🟡 NEUTRAL | No real user data available yet |
| Other (Financials) | 🟢 GREEN | Publicly traded with audited financials; no negative legal history |
🟠 Final Overall Rating: ORANGE SIGNAL
Summary:
Nano Labs shows strong potential to operate fully within the Hong Kong regulatory framework and offers a transparent and credible business background. However, the lack of an issued license as of now means the stablecoin cannot yet be considered fully compliant. Once licensed, an upgrade to Green Signal is likely.
