China's second most-popular payments app doesn't want users to engage in speculation with NFTs.
China's central bank holds that crypto trading brings financial risk to the economy, and said it will continue a crackdown on the industry.
The Alibaba-affiliated company disclosed the information over the weekend at the Digital China Summit in Fuzhou.
The terms of the restructuring are expected to curb the Alibaba affiliate's profitability and valuation.
The only non-Chinese firm in the rankings, IBM, came fourth in terms of number of patents.
The two commercial banks join the six state-owned banks already participating in the CBDC trial.
Regulators have been clamping down on Ant Group, even cancelling its expected $35 billion twin IPO late last year.
The approved digital banks will be able to start operating from Singapore in early 2022.
Ant Group's IPO has been suspended on both the Shanghai and Hong Kong stock exchanges due to significant changes in China's regulatory environment for fintech firms.
As Jack Ma's Ant Group gets Hong Kong approval for its $30 billion IPO, it has rolled out a blockchain platform aimed at protecting users' copyrights.
The move comes as Ant, a global leader in digital payments, is readying what could be an offering worth up to a record $35 billion.
The launch of the cross-border trade blockchain comes as Ant stokes up enthusiasm for its public offering – set to be the largest on record.
Days after announcing an expected $200 billion IPO, the Alibaba affiliate has rebranded its enterprise blockchain to AntChain.
The dual listing could turn Alibaba affiliate Ant Group into one of the largest companies operating in the blockchain space.