According to the announcement of the Hong Kong Stock Exchange, Multipoint Digital Intelligence Co., Ltd. announced that it has completed the placement of 393 million Hong Kong dollars, and 50% of the net proceeds will be used for research and development investment and technological progress of stablecoins and blockchain, that is, all will be used to pay the staff costs of the company's blockchain experts to develop and maintain related systems and interfaces related to new business development (including various systems in the fields of trading, reserve management, settlement, clearing, compliance and issuance). These funds are expected to be used before the end of 2026.
The main source of revenue for this potential new business is the ROI of stablecoins. The company plans to invest the fiat currency received through the stablecoin offering in legally permissible low-risk assets for return on investment. In addition, the company expects to generate revenue through transaction fees, provision of technical services, and potential licensing of blockchain payment infrastructure.
Multi-point Digital Intelligence Completes 393 million HK Dollar Placement, 50% of the funds are used for stablecoin and blockchain research and development
2025-07-25 14:41:12
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