A Detailed Look at How Long Ali’s Stablecoin License Application Might Take

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The journey toward a stablecoin licence can be long and complex, especially when a major player like Ali steps into the fray. In this detailed look we map out how long entity[“organization”, “Alibaba Group”, 0]’s stablecoin-licence application might take, what the key milestones are, and why certain phases may stretch out. By understanding the regulatory environment, the preparatory work, and the final approval process, stakeholders can better gauge the timeframe and plan accordingly.

Regulatory Framework and Initial Preparation

First, the applicant must navigate the regulatory framework set by the relevant authority. For example, in entity[“organization”, “Hong Kong Monetary Authority”, 0] (HKMA)’s new stablecoin regime the formal application window opened 1 August 2025 and minimum criteria include local incorporation, adequate paid-up capital and robust reserve asset management. citeturn0search5turn0search3turn0search9

In practical terms, for Alibaba or a unit thereof (“Ali”) there will be a phase of pre-engagement, business-model design, asset-reserve structuring and submission of detailed documentation including business plan, governance and AML/CFT policies. These preparatory steps could take several months depending on the complexity of the organisation and the jurisdiction.

Submission, Review and Processing Duration

Once the formal application is submitted, the review process begins. According to the guidance in Hong Kong the HKMA has indicated that licensing “will be an ongoing process” and has not committed to a fixed processing time. citeturn0search9 Given the stringent standards—such as minimum paid-up capital (HK $25 million or more), fit-and-proper senior management, high-quality liquid reserve assets, redemption rights within one business day, and full AML systems — the evaluation could realistically span many months. citeturn0search3turn0search9 Moreover, as reports show by end-September 2025 the HKMA had received 36 formal applications. citeturn0search6 For a major corporation like Alibaba this means the review queue, plus detailed scrutiny, may push the timeline to half a year or more.

Post-Approval and Ongoing Compliance

Even after approval, the licence-holder will face ongoing obligations: implementing redemption, issuing stablecoins, maintaining reserve transparency, conducting independent attestations, and meeting AML/CFT, operational-risk and disclosure requirements. citeturn0search5turn0search3 If the applicant is among the first batch, the authority may monitor closely before full roll-out. Thus, from application submission to live operation might extend further as the firm ensures compliance, builds infrastructure and integrates systems with partners and custodians.

In summary, while there is no precise clock-time given by regulators, for a large organisation like Alibaba applying for a stablecoin licence one should budget at least 6 to 12 months (and potentially more) from preparatory phase through final go-live. Comprehensive upfront preparation and strong governance reduce delays, but the review and rollout phases remain time-intensive due to the high regulatory bar.

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