ANT.FUN Announces Completion of Acquisition of Centralized Wallet and Payment Product WhalePay

BlockBeats News, October 30th, ANT.FUN announced on October 28th that it has completed the acquisition of the centralized wallet and payment product WhalePay. WhalePay is a wallet application founded by a renowned team and invested in by Jiangnan Fenqing, a famous Chinese internet finance influencer. It boasts an LTV of over $100 million and has successfully issued hundreds of thousands of U Cards. The project previously received multi-million-dollar investments from former executives of the MEXC exchange and integrated relevant APIs for transactions. Following the full acquisition of WhalePay by ANT.FUN, the two parties will integrate their technical teams to restructure WhalePay's existing products, optimizing the wallet's usability and stability. The focus will be on iterations in wealth management, payment, and asset management functionalities, supporting the x402 protocol, while mutually integrating and complementing functionalities on the business side. Through this acquisition, ANT.FUN will strengthen its capabilities in asset management and wealth management, while gaining access to WhalePay's original shareholders' traffic and business resources.