In a significant move aligning with the latest financial technology trends, Multi-Point Digital has announced a strategic investment in Bitcoin and the initiation of preparations to apply for a stablecoin license. This decision underscores the company's commitment to integrating digital assets into its service offerings, particularly within the retail sector.
The company has utilized its existing cash reserves—distinct from the remaining funds raised during its initial public offering—to acquire Bitcoin through the publicly accessible HashKey Exchange. This investment marks a pivotal step in the firm's broader strategy to embrace Web3 technologies and digital asset services.
Strategic Partnership with HashKey Group
On February 5, 2025, Multi-Point Digital formalized a strategic cooperation agreement with HashKey Group. This partnership is a direct response to the Hong Kong Special Administrative Region's proactive policies encouraging the development of the Web3 industry.
As part of this agreement, Multi-Point Digital has successfully opened a trading account on the HashKey Exchange and executed its Bitcoin investment. The collaboration is set to deepen across several key areas:
- Digital asset trading
- Web3 technology development and application
- Blockchain ecosystem construction
The partnership aims to leverage the unique expertise and resources of both entities to deliver advanced, professional digital asset service solutions for retail businesses.
Hong Kong's Evolving Regulatory Landscape
The Hong Kong government has been actively shaping a conducive environment for digital assets since October 2022, recognizing Web3 as a potential future trend in finance and commerce. A landmark in this regulatory journey was the publication of the Stablecoin Ordinance (Commencement Date) Announcement in the Gazette on June 6, 2025.
This ordinance designates August 1, 2025, as the effective date for the Stablecoin Ordinance (Chapter 656), which establishes a licensing regime to regulate activities involving stablecoins in Hong Kong. This clear regulatory framework provides the certainty needed for businesses like Multi-Point Digital to innovate with confidence.
The Web3 Opportunity and Retail Applications
Multi-Point Digital views the integration of virtual assets into the Web3 domain as a source of immense opportunity. With the global penetration of cryptocurrencies in business continuing to rise, they are increasingly becoming a vital component of diversified investment portfolios.
The company's confidence is particularly bolstered by Hong Kong's significant achievements in the Web3 space and the favorable environment created by its forward-thinking regulations. Serving a large base of retail clients, Multi-Point Digital identified a strong need for efficient payment solutions for cross-border procurement and local retail transactions.
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Future Roadmap and Commitment
With its core business experiencing sustained growth and maintaining healthy cash flow, Multi-Point Digital reaffirms its position as a leading retail digital solution provider for clients in China and internationally. The company's future plans include:
- Continuing its exploration of technical services, including stablecoin payments, in collaboration with HashKey Group.
- Optimizing payment solutions to elevate the consumer experience.
- Driving the widespread adoption of stablecoins in retail payment scenarios.
- Actively participating in pilot projects initiated by Hong Kong regulators to promote the issuance and adoption of stablecoins.
The company has stated that any future cryptocurrency investment opportunities will be pursued based on the development of its core business and cash reserve situation, always prioritizing the maximization of shareholder value. All such transactions will be disclosed in accordance with the relevant rules of the Hong Kong Stock Exchange.
Frequently Asked Questions
What is Multi-Point Digital's main business?
Multi-Point Digital is a leading provider of retail digital intelligence solutions. They serve a wide array of clients in China and internationally, helping them optimize their operations through advanced technological services.
Why is Multi-Point Digital investing in Bitcoin?
The investment is a strategic move to embrace the opportunities presented by Web3 and digital assets. The company believes cryptocurrencies are becoming an important part of global commerce and diversified investment portfolios, aligning with its forward-looking business strategy.
What is a stablecoin license and why is it important?
A stablecoin license is a regulatory approval that allows a company to issue or facilitate transactions with stablecoins—digital assets pegged to a stable value, like a fiat currency. This license is crucial for ensuring consumer protection, operational integrity, and compliance within a regulated financial framework.
How does this benefit Multi-Point Digital's retail customers?
The adoption of stablecoin technology aims to significantly improve payment efficiency for cross-border and local transactions. This translates to faster processing times and lower transaction costs, which benefits both the retail businesses and their consumers.
What is the significance of the partnership with HashKey Group?
The partnership combines Multi-Point Digital's retail expertise with HashKey Group's proficiency in digital asset exchanges and blockchain technology. This synergy is designed to develop advanced, secure, and compliant digital asset services for the retail sector.
When will the new stablecoin regulations in Hong Kong take effect?
The Stablecoin Ordinance (Chapter 656) is scheduled to come into effect on August 1, 2025. This will officially establish the licensing regime for regulated stablecoin activities in Hong Kong.