In a bold move signaling deeper integration between traditional retail tech and digital assets, Multi-Point Digital Intelligence (02586.HK) is reportedly preparing to enter the stablecoin sector—a development that sent its stock surging nearly 90% during intraday trading on July 3. Though the rally later cooled to a 32.74% gain by midday, the market’s enthusiastic response underscores growing investor interest in companies bridging real-world commerce with blockchain innovation.
With a current market capitalization of HK$10.8 billion, Multi-Point Digital is positioning itself at the intersection of retail digitization and emerging Web3 technologies. The company has confirmed it is actively pursuing a stablecoin license in Hong Kong, aligning with the region’s strategic push to become a global virtual asset hub.
Strategic Expansion into Cryptocurrency Infrastructure
Tommy Tang, Vice President and CFO of Multi-Point Digital, affirmed the company's long-term confidence in the cryptocurrency space. "We’ve already allocated resources to hold Bitcoin and are actively recruiting Web3 talent to drive our strategic transformation," Tang stated. He emphasized that stablecoins could significantly enhance cross-border payment efficiency for their retail clients, reduce transaction costs, and improve overall consumer experience.
This initiative reflects a broader trend: as digital currencies gain regulatory clarity and adoption worldwide, enterprises are exploring ways to integrate them into existing business models. For Multi-Point Digital, stablecoins represent more than just a financial instrument—they are a tool for optimizing supply chain settlements, enabling faster international transactions, and supporting loyalty programs through programmable money.
The company was founded in February 2015 as an investment holding entity focused on delivering digital transformation solutions to the retail industry. Its core offerings include the Dmall OS operating system and AIoT (Artificial Intelligence of Things) solutions, both designed to streamline store operations, enhance customer engagement, and enable data-driven decision-making.
Financial Performance and AI-Driven Growth
Despite reporting a net loss attributable to equity holders of approximately RMB 2.195 billion last year—an increase of 238.7% year-on-year—Multi-Point Digital showed strong underlying growth in revenue and gross profit. The company recorded revenue from continuing operations of about RMB 1.859 billion, up 17.3%, with gross profit reaching RMB 746 million, a 34.6% year-over-year increase.
This performance highlights the scalability of its digital infrastructure amid rising demand for automated retail systems. More notably, the company has made significant strides in artificial intelligence adoption. In 2024, Multi-Point Digital elevated generative AI (Gen AI) to a core strategic priority, focusing on developing AI agents tailored for retail environments.
Their latest product iteration, Dmall Solution 3.0, integrates advanced AI capabilities and collaborative robotics to automate inventory management, customer service, and personalized marketing. According to Zhang Feng, President of Multi-Point Digital, in his 2025 New Year message titled “Pursuing Dreams with AI”, the company has already achieved commercial-scale deployment of AI-powered solutions, generating revenue in the hundreds of millions of yuan.
Why Stablecoins Make Sense for Retail Tech
Stablecoins—digital currencies pegged to stable assets like the U.S. dollar—are increasingly seen as a critical bridge between traditional finance and decentralized ecosystems. For a retail-focused technology provider like Multi-Point Digital, issuing or leveraging stablecoins can unlock several key advantages:
- Faster Cross-Border Settlements: Retailers with international suppliers can settle invoices in minutes instead of days.
- Lower Transaction Fees: Bypassing traditional banking rails reduces processing costs.
- Programmable Incentives: Loyalty points or coupons can be issued as tokenized assets with expiration rules built into smart contracts.
- Seamless Integration with Web3 Commerce: As consumers engage more with digital wallets and decentralized apps, having native support for digital currency payments becomes essential.
These benefits align closely with Multi-Point Digital’s mission to modernize retail operations through technology convergence.
Hong Kong’s Role in Shaping the Future of Digital Assets
Hong Kong’s ambition to become an “International Virtual Asset Hub” is gaining momentum. According to a report by Zhongyan Pu Hua titled “Comprehensive Research and Trend Analysis of Hong Kong's Digital Asset Industry During the 15th Five-Year Plan,” the city’s digital asset-related business volume reached HK$112 billion in 2024. Projections suggest this figure will exceed HK$150 billion by 2025, growing at a compound annual rate of over 35%.
Recent regulatory developments support this trajectory. On June 25, Guotai Junan International (01788.HK) announced it had received approval from the Securities and Futures Commission of Hong Kong to upgrade its securities license to allow virtual asset trading services. Following the news, its share price skyrocketed by 198.39%, demonstrating strong market appetite for compliant crypto-enabled financial platforms.
Multi-Point Digital’s potential entry into stablecoin issuance fits within this evolving ecosystem. Unlike speculative cryptocurrencies, stablecoins serve functional roles in everyday commerce—making them particularly attractive to regulators and businesses alike.
Frequently Asked Questions
Q: What is a stablecoin?
A: A stablecoin is a type of cryptocurrency designed to maintain a stable value by being pegged to a reserve asset, such as the U.S. dollar or other fiat currencies. It combines the speed and accessibility of digital currencies with price stability.
Q: Why would a retail tech company issue a stablecoin?
A: Issuing a stablecoin allows companies to streamline payments across borders, reduce transaction fees, enable instant settlements with suppliers, and create new customer engagement tools like tokenized rewards programs.
Q: Is Multi-Point Digital already issuing stablecoins?
A: Not yet. The company has confirmed it is preparing to apply for a stablecoin license in Hong Kong but has not yet launched any digital currency products.
Q: How does AI relate to Multi-Point Digital’s stablecoin plans?
A: AI enhances operational efficiency in retail systems where stablecoins might be used—for example, AI-driven inventory forecasting paired with blockchain-based supply payments enables smarter, automated commerce workflows.
Q: Could this move improve Multi-Point Digital’s profitability?
A: While still speculative, entering the stablecoin space could open new revenue streams through transaction fees, financial services integration, and ecosystem partnerships—potentially offsetting current losses.
Q: Are there risks involved in launching a stablecoin?
A: Yes. Regulatory compliance, reserve management transparency, cybersecurity, and market acceptance are major challenges. However, Hong Kong’s clear licensing framework helps mitigate some regulatory uncertainty.
Multi-Point Digital’s exploration of stablecoin issuance marks a pivotal step toward merging physical retail with digital finance. As AI reshapes backend operations and blockchain redefines payment rails, companies that integrate both stand to capture significant first-mover advantages.
With strong technical foundations, strategic vision, and alignment with Hong Kong’s pro-innovation regulatory environment, Multi-Point Digital may be laying the groundwork for a transformative shift—not just in how retailers operate, but in how value flows across global commerce networks.