Another major player is preparing to enter the stablecoin market.
On July 3, Multi-Point Intelligence (02568.HK) experienced an intraday surge of nearly 90%. By the morning close, gains narrowed to 32.74%, with the company's market capitalization reaching HKD 108 billion.
Reports indicate that Multi-Point Intelligence is preparing to apply for a stablecoin license in Hong Kong. Securities Times confirmed this with the company.
Tom Yifan, Vice President and CFO of Multi-Point Intelligence, stated: "We are long-term bullish on the cryptocurrency sector, having allocated Bitcoin and recruited Web3 talent to advance our strategy. Stablecoins can significantly enhance cross-border payment efficiency, reduce costs for retail clients, and improve consumer experience—aligning with the global trend of cryptocurrency adoption in commerce."
Company Background
Founded in February 2015, Multi-Point Intelligence is an investment holding company providing retail digitalization solutions, with core businesses including:
- Dmall OS operating system
- AIoT (AI + IoT) solutions
Financial Performance
According to its annual report:
- FY2023 revenue: ~HKD 1.859 billion (+17.3% YoY)
- Gross profit: ~HKD 746 million (+34.6% YoY)
- Net loss attributable to shareholders: ~HKD 2.195 billion (238.7% YoY increase)
AI and Retail Strategy
With AI’s pervasive growth in 2024, Multi-Point Intelligence has prioritized Generative AI, integrating it into:
- Retail-specific AI Agent product lines
- Dmall Solution 3.0, which combines AI technologies
President Zhang Feng noted in a 2025 address that AI-driven retail applications have already generated hundreds of millions in revenue.
Why Stablecoins?
The move into stablecoins aims to create a new profit growth avenue. The sector is gaining traction:
- On June 25, Guotai Junan International (01788.HK) received approval to offer virtual asset trading, including cryptocurrencies and stablecoins—sparking a 198.39% stock surge.
- Hong Kong is positioning itself as a global virtual asset hub, with the market projected to exceed HKD 150 billion by 2025 (35% CAGR).
👉 Explore how stablecoins are reshaping finance
Industry Outlook
CITIC Securities highlights stablecoins as a bridge between digital assets and real-world commerce. Regulatory clarity is expected to drive compliance, expanding applications and demand. Key focus areas:
- Licensed stablecoin issuers
- Ecosystem players with closed-loop use cases
FAQs
1. Why is Multi-Point Intelligence entering the stablecoin market?
The company sees stablecoins as a way to enhance payment efficiency and tap into the growing crypto-commerce trend.
2. What are the risks of stablecoins?
Regulatory uncertainty and volatility in reserve-backed assets pose challenges, but Hong Kong’s licensing framework aims to mitigate these.
3. How does AI fit into Multi-Point’s strategy?
AI optimizes retail operations, from inventory management to customer engagement, creating scalable revenue streams.
👉 Learn about Bitcoin’s role in corporate portfolios
4. What’s next for Hong Kong’s virtual asset ecosystem?
With progressive policies, the region could attract more issuers and institutional investors, reinforcing its hub status.