The digital transformation of traditional industries continues to accelerate, and retail technology leader Dmall Intelliforce (02586) is making strategic moves into the Web3 space. The company has announced its entry into digital asset investment by purchasing Bitcoin (BTC) through HashKey Exchange and is actively preparing to apply for a stablecoin license. This marks a significant step in its broader digital innovation strategy, aligning with Hong Kong’s progressive regulatory environment and growing support for blockchain-based financial infrastructure.
Strategic Expansion into Digital Assets
Dmall Intelliforce has confirmed that it has acquired Bitcoin using existing cash reserves—excluding funds raised from its initial public offering. The investment was executed via HashKey Exchange, a licensed digital asset platform in Hong Kong. This move reflects the company’s confidence in the long-term value of cryptocurrencies as part of a diversified digital economy strategy.
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The decision follows a strategic cooperation agreement signed on February 5, 2025, between Dmall Intelliforce and HashKey Group. Under the agreement, both parties will collaborate on digital asset trading, Web3 technology development, and blockchain ecosystem construction. Dmall has already established a trading account on HashKey Exchange, marking the first operational milestone in this partnership.
Aligning with Hong Kong’s Web3 Vision
Hong Kong has emerged as a key player in Asia’s blockchain and digital finance landscape. Since October 2022, the Hong Kong Special Administrative Region government has introduced a series of regulatory frameworks to support responsible innovation in cryptocurrency and decentralized technologies. These policies recognize Web3 as a potential driver of future financial and commercial evolution.
A major milestone came on June 6, 2025, when the government published the Stablecoin Ordinance (Commencement) Notice in the Gazette, setting August 1, 2025, as the effective date for the Stablecoin Ordinance (Cap. 656). This legislation establishes a licensing regime for stablecoin-related activities, aiming to ensure transparency, stability, and consumer protection in the digital currency market.
Dmall Intelliforce views this regulatory clarity as a green light for institutional participation. By preparing to apply for a stablecoin license, the company is positioning itself at the forefront of compliant digital finance innovation in the region.
Unlocking Value Through Stablecoin Innovation
As a provider of digital intelligence solutions to numerous retail enterprises, Dmall Intelliforce understands the pain points in cross-border procurement and local retail payments. Traditional payment systems often involve high fees, slow settlement times, and complex intermediaries—challenges that stablecoins are uniquely designed to address.
Stablecoins, which are typically pegged to fiat currencies like the US dollar, offer fast, low-cost, and transparent transactions across borders. For retailers operating in multiple markets, adopting stablecoin-based payments can significantly improve cash flow efficiency and reduce transaction costs.
By developing stablecoin payment solutions in collaboration with HashKey Group, Dmall aims to deliver advanced digital asset services tailored to retail clients. These efforts include optimizing payment infrastructure and enhancing consumer experience through seamless, real-time transactions.
Driving Adoption Through Collaboration
The partnership between Dmall Intelliforce and HashKey Group goes beyond investment—it’s a joint mission to advance the practical use of blockchain in everyday commerce. Together, they plan to explore pilot projects with Hong Kong regulators to test and refine stablecoin issuance and usage models in real-world retail environments.
Such initiatives could pave the way for wider adoption of digital currencies in areas like supply chain financing, loyalty programs, and international trade settlements. The ultimate goal is to help position Hong Kong as a global hub for digital asset ecosystems.
This proactive engagement with regulators underscores Dmall’s commitment to compliance and responsible innovation. Rather than pursuing speculative ventures, the company is focusing on building scalable, regulated solutions that serve tangible business needs.
Core Keywords Integration
Throughout this strategic shift, several core keywords naturally emerge: Web3, stablecoin license, Bitcoin investment, blockchain technology, digital assets, retail payments, HashKey Exchange, and Hong Kong regulation. These terms reflect both the technological direction and market context driving Dmall’s decisions.
These keywords are not only central to understanding the company’s current trajectory but also align with high-intent search queries from investors, technologists, and industry analysts tracking the convergence of traditional commerce and decentralized finance.
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Financial Health and Future Outlook
Dmall Intelliforce emphasizes that its core business remains strong, with healthy cash flow supporting strategic investments. The company reaffirms its role as a leading provider of retail digitization solutions in China and international markets.
Going forward, it will continue evaluating opportunities in the digital asset space based on business needs and capital availability. Any future cryptocurrency transactions will be disclosed in accordance with the Listing Rules of The Stock Exchange of Hong Kong Limited.
This disciplined approach ensures that innovation does not come at the expense of shareholder value or regulatory compliance.
Frequently Asked Questions
Q: Why is Dmall Intelliforce investing in Bitcoin?
A: The Bitcoin investment reflects Dmall’s belief in the long-term potential of digital assets within the evolving Web3 economy. It serves as both a strategic reserve and a gateway to deeper engagement with blockchain technology.
Q: What is a stablecoin license, and why is it important?
A: A stablecoin license allows an entity to issue and manage stablecoins under regulatory supervision. It ensures compliance with anti-money laundering (AML) standards and financial stability requirements, enabling trusted participation in digital finance.
Q: How will stablecoins benefit retail businesses?
A: Stablecoins enable faster, cheaper cross-border payments, reduce dependency on traditional banking systems, and improve liquidity management—critical advantages for retailers engaged in global sourcing and distribution.
Q: Is Dmall Intelliforce using IPO funds for this investment?
A: No. The Bitcoin purchase was made using existing cash reserves unrelated to proceeds from its initial public offering.
Q: Will Dmall launch its own stablecoin?
A: While no official announcement has been made, the company’s preparation for a stablecoin license suggests it is exploring issuance possibilities as part of its broader fintech roadmap.
Q: How does Hong Kong’s regulation support Web3 growth?
A: Hong Kong’s clear regulatory framework—including licensing for exchanges and stablecoin issuers—creates a safe environment for institutional players to innovate while protecting investors and maintaining market integrity.
Final Thoughts
Dmall Intelliforce’s move into Bitcoin investment and stablecoin development signals a new chapter in retail tech evolution. By combining its deep industry expertise with cutting-edge blockchain applications, the company is helping bridge traditional commerce with the decentralized future.
With strong fundamentals, regulatory alignment, and strategic partnerships in place, Dmall is well-positioned to become a key contributor to Hong Kong’s ambition of becoming a global Web3 hub.