Strategic Move into Digital Assets
MultiPoint Intelligence (02586) has announced two significant developments in its Web3 strategy:
- Preparation for a stablecoin license application
- Bitcoin (BTC) acquisition through HashKey Exchange
The investment was funded entirely from the company's existing cash reserves, specifically excluding funds from its IPO proceeds.
Partnership with HashKey Group
On February 5, 2025, the company solidified its Web3 commitment through a strategic partnership with HashKey Group that focuses on three key areas:
- Digital asset trading platforms
- Web3 technology development
- Blockchain ecosystem building
This collaboration has already resulted in:
✅ Opening a trading account on HashKey Exchange
✅ Completing the company's first Bitcoin investment
Hong Kong's Progressive Crypto Regulatory Landscape
Hong Kong has emerged as a Web3 hub through several regulatory milestones:
| Timeline | Regulatory Development |
|---|---|
| October 2022 | Initial cryptocurrency trading policies |
| June 6, 2025 | Stablecoin Ordinance gazetted |
| August 1, 2025 | Stablecoin licensing system takes effect |
The upcoming stablecoin licensing system will regulate:
- Issuance activities
- Reserve management
- Related financial services
Retail-Focused Crypto Solutions
MultiPoint Intelligence sees particular value in stablecoins for:
- Cross-border procurement payments
- Local retail transactions
- Supply chain settlements
Benefits for retail clients include:
👉 Faster transaction speeds at lower costs
👉 Reduced foreign exchange risks
👉 Improved working capital efficiency
Future Roadmap
The company plans to:
- Complete stablecoin license application
- Develop technical solutions for merchant adoption
- Participate in HKMA regulatory sandbox programs
- Explore additional crypto investment opportunities
FAQ Section
Q: Why is MultiPoint entering crypto now?
A: The company recognizes Web3's growth potential and Hong Kong's supportive regulatory environment for institutional crypto adoption.
Q: How will clients use these services?
A: Retailers can access efficient payment solutions through integrated platforms that convert between fiat and stablecoins.
Q: What safeguards are in place?
A: All activities will comply with Hong Kong's new stablecoin regulations and financial reporting requirements.
Q: When will stablecoin services launch?
A: Following successful license approval, expected within 12-18 months of regulatory implementation.
The company remains committed to maintaining financial prudence while exploring these new digital asset opportunities that align with its core retail technology expertise.