MultiPoint Intelligence (Stock Code: 02586) has announced its preparation to apply for a stablecoin license while revealing its recent acquisition of Bitcoin through HashKey Exchange. This strategic move aligns with Hong Kong's proactive Web3 development policies and demonstrates the company's commitment to emerging financial technologies.
Key Announcement Highlights
- Stablecoin License Preparation: The company is initiating procedures to obtain regulatory approval for stablecoin operations under Hong Kong's upcoming framework.
- Bitcoin Investment: Utilizing existing cash reserves (not IPO proceeds), MultiPoint purchased Bitcoin as part of its cryptocurrency strategy.
- Web3 Policy Alignment: This decision directly supports Hong Kong's push to become a Web3 and digital asset hub.
Hong Kong's Regulatory Landscape
Since October 2022, Hong Kong has implemented progressive cryptocurrency regulations, positioning Web3 as a cornerstone of future financial systems. Notable developments include:
| Regulatory Milestone | Effective Date | Key Purpose |
|---|---|---|
| Stablecoin Ordinance | August 1, 2025 | Governs stablecoin-related activities |
The company expressed strong confidence in Hong Kong's Web3 ecosystem, citing its potential as a high-growth emerging market.
Financial Position and Future Plans
With robust core business performance and healthy cash flow, MultiPoint will:
- Continue exploring cryptocurrency investment opportunities
- Prioritize shareholder value maximization
- Maintain compliance with all disclosure requirements (current investment falls below 5% threshold)
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Frequently Asked Questions
Q: Why is MultiPoint entering the cryptocurrency market now?
A: The timing aligns with Hong Kong's maturing regulatory framework and the company's financial capacity to responsibly explore new asset classes.
Q: How will this affect shareholders?
A: All investments will be made judiciously with shareholder interests as the top priority, while keeping within established risk parameters.
Q: What makes Hong Kong's Web3 policies significant?
A: The territory has created one of Asia's most comprehensive digital asset regulatory environments, offering clarity for institutional participants.
Q: Are there plans for additional crypto acquisitions?
A: The company will evaluate opportunities case-by-case while maintaining focus on its core business operations.
👉 Learn about institutional cryptocurrency strategies
Disclaimer: Cryptocurrency investments carry inherent volatility risks. Investors should conduct independent research before making decisions.