MultiPoint Digital (02586.HK) made headlines after its shares surged nearly 90% intraday, eventually settling at a 55.38% gain to close at HK$14, with a trading volume exceeding HK$92 million. The dramatic rise came amid reports that the company is preparing to apply for a stablecoin license in Hong Kong — a move signaling its serious commitment to the Web3 and digital asset space.
As one of the latest traditional tech firms pivoting toward blockchain innovation, MultiPoint Digital's strategic shift reflects a growing trend among public companies seeking to diversify into cryptocurrency and decentralized finance (DeFi). With increasing regulatory clarity in Hong Kong and rising institutional interest in digital assets, the timing of this announcement could not be more pivotal.
Strategic Move Into Web3 and Digital Assets
According to financial media reports, MultiPoint Digital is actively preparing an application for a stablecoin issuance license under Hong Kong’s evolving regulatory framework. This development was confirmed by Thomas Tang, Vice President and CFO of MultiPoint Digital, who emphasized the company’s long-term belief in the transformative potential of virtual assets.
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“Virtual assets are increasingly becoming a key component of diversified investment portfolios,” said Tang. “The penetration of cryptocurrency in global commerce continues to rise, and we see immense opportunities in the Web3 ecosystem.”
The company has already taken concrete steps by allocating part of its treasury to Bitcoin — one of the most widely adopted and liquid cryptocurrencies globally. This strategic asset allocation aligns with a broader industry trend where corporations hold Bitcoin as a hedge against inflation and monetary devaluation.
Moreover, MultiPoint Digital is strengthening its internal capabilities by recruiting top-tier talent from leading Web3 organizations. The team now includes professionals from prominent exchanges such as Amber Group and Crypto.com — institutions known for their expertise in digital asset trading, custody, and blockchain infrastructure.
This talent infusion underscores MultiPoint’s intent to build robust in-house capabilities rather than rely solely on external partnerships.
Partnership With HashKey Group: A Gateway to Institutional-Grade Infrastructure
In February, MultiPoint Digital announced a strategic collaboration with HashKey Group, a leading digital asset金融服务集团 with global reach. Under the agreement, MultiPoint will open a trading account on HashKey Exchange, Hong Kong’s largest licensed virtual asset trading platform.
This partnership enables MultiPoint to access institutional-grade trading infrastructure, secure custody solutions, and compliance frameworks essential for navigating the regulated crypto landscape. The collaboration spans several key areas:
- Digital asset trading
- Web3 technology development and application
- Blockchain ecosystem building
HashKey Exchange has processed over HK$60 billion in cumulative trading volume, reinforcing its position as a cornerstone of Hong Kong’s burgeoning digital asset market. By aligning with HashKey, MultiPoint gains credibility and operational support necessary for launching compliant financial products like stablecoins.
Why Hong Kong Is Becoming a Crypto Hub
Hong Kong has emerged as a key player in Asia’s crypto revolution. Following China’s strict crackdown on cryptocurrency activities, Hong Kong positioned itself as a regulated alternative — welcoming innovation while maintaining investor protection standards.
Recent developments include:
- Licensing framework for virtual asset trading platforms
- Approval for retail investors to trade select cryptocurrencies
- Government-backed initiatives promoting Web3 adoption
- Tax incentives for blockchain startups
These policies have created fertile ground for companies like MultiPoint Digital to explore regulated blockchain use cases. A locally issued stablecoin — especially one pegged to the Hong Kong dollar — could facilitate cross-border payments, remittances, and tokenized finance within the Greater Bay Area and beyond.
Core Keywords Driving Market Interest
The surge in MultiPoint Digital’s stock reflects strong investor appetite for exposure to regulated crypto ventures. Key themes driving sentiment include:
- Stablecoin license application – Signals regulatory compliance and long-term viability.
- Bitcoin treasury holdings – Aligns with corporate adoption trends seen in firms like MicroStrategy.
- Web3 talent acquisition – Demonstrates execution capability and technical depth.
- Hong Kong crypto regulations – Offers clarity and legitimacy in a high-growth market.
- Digital asset strategy – Shows forward-thinking financial planning.
- HashKey Exchange partnership – Validates institutional credibility.
- Virtual asset investment – Taps into growing institutional demand.
These keywords not only define MultiPoint’s current trajectory but also resonate with search queries from investors tracking crypto-native public companies.
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Frequently Asked Questions (FAQ)
Q: Why did MultiPoint Digital’s stock rise so sharply?
A: The surge was triggered by news that the company is preparing to apply for a Hong Kong stablecoin license and has already invested in Bitcoin. These moves signal a strategic pivot into Web3 and digital assets, attracting speculative and institutional interest.
Q: Is MultiPoint Digital launching its own stablecoin?
A: While no official product has been announced yet, the company is actively preparing to apply for a stablecoin issuance license in Hong Kong. This suggests plans to develop or issue a regulated digital currency in the near future.
Q: What is the significance of holding Bitcoin on its balance sheet?
A: Holding Bitcoin acts as both a strategic reserve and a signal of confidence in digital assets. It diversifies treasury holdings and may appreciate over time, similar to corporate strategies employed by firms like Tesla and MicroStrategy.
Q: How does the HashKey partnership benefit MultiPoint?
A: HashKey provides regulated access to digital asset trading, custody, and compliance infrastructure. This allows MultiPoint to operate within legal boundaries while developing blockchain-based financial products.
Q: Could MultiPoint expand beyond Hong Kong?
A: While the current focus is on Hong Kong’s regulatory environment, success there could pave the way for expansion into other Asian markets with supportive crypto policies, such as Singapore or Dubai.
Q: What risks should investors consider?
A: Regulatory uncertainty remains a factor, even in Hong Kong. Additionally, volatility in crypto markets can impact sentiment and valuation. Execution risk also exists as the company transitions into a new technological domain.
Looking Ahead: From Retail Tech to Blockchain Innovation
MultiPoint Digital began as a digital retail solutions provider, but its latest moves suggest an ambitious transformation into a hybrid tech-financial entity rooted in blockchain innovation.
By combining real-world commerce experience with emerging digital asset infrastructure, the company is uniquely positioned to bridge traditional finance (TradFi) and decentralized finance (DeFi). Potential applications include:
- Tokenized loyalty programs
- Stablecoin-based payment systems
- Supply chain transparency via blockchain
- Cross-border remittance networks
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As regulatory frameworks mature and institutional adoption accelerates, companies like MultiPoint Digital may serve as blueprints for how legacy tech firms can successfully transition into the Web3 era — not just as investors, but as active builders.
The journey is just beginning, but one thing is clear: when a public company allocates capital to Bitcoin and pursues a regulated stablecoin license, it sends a powerful message about where the future of finance is headed.