Multi-Point Digits (02586.HK), a publicly traded company listed on the Hong Kong Stock Exchange, recently saw its stock price surge by nearly 90% intraday, eventually settling with a 45.38% gain at HK$13 per share. The dramatic rally follows strategic moves into the digital asset space, including confirmed Bitcoin holdings and plans to apply for a stablecoin license in Hong Kong — positioning the company at the forefront of traditional businesses embracing blockchain innovation.
Strategic Shift into Web3 and Cryptocurrency
Multi-Point Digits has officially entered the Web3 arena, signaling a bold transformation from its retail tech roots. According to Tom Yin, Vice President and Chief Financial Officer of the company, virtual assets are no longer speculative side projects but core components of future financial infrastructure.
"Cryptocurrency is increasingly integrated into global commerce and has become a vital part of diversified investment strategies," said Yin. "We believe in the long-term value of digital assets and have already allocated resources to Bitcoin as part of our treasury strategy."
This move mirrors growing institutional adoption seen globally, where companies like MicroStrategy and Tesla have previously made headlines for adding BTC to their balance sheets. Multi-Point Digits’ entry underscores a broader trend: more traditional enterprises are recognizing crypto not just as an investment, but as a strategic lever for innovation and market positioning.
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Building a Crypto-First Team
To support its new direction, Multi-Point Digits is actively recruiting top-tier talent from leading cryptocurrency exchanges such as Amber and Crypto.com. These hires bring deep expertise in blockchain operations, compliance, and digital asset trading — critical capabilities for navigating the complex regulatory and technical landscape of Web3.
The recruitment drive reflects a deliberate effort to build internal capacity rather than rely solely on external partnerships. By assembling a team with hands-on experience in crypto markets, the company aims to accelerate product development, enhance security protocols, and ensure regulatory alignment — especially important as it prepares to file for a stablecoin license in Hong Kong.
Partnering with HashKey for Blockchain Expansion
In February, Multi-Point Digits announced a strategic partnership with HashKey Group, one of Asia’s most prominent blockchain ecosystem builders and operator of Hong Kong’s first licensed crypto exchange. The collaboration will focus on three key areas:
- Digital asset trading platforms
- Web3 technology development
- Blockchain ecosystem growth
This alliance gives Multi-Point Digits access to HashKey’s regulatory-compliant infrastructure, technical know-how, and industry network. It also strengthens their position ahead of potential licensing requirements under Hong Kong’s evolving virtual asset framework.
Hong Kong has been actively promoting itself as a global Web3 hub, introducing clearer regulations for crypto businesses and stablecoin issuers since 2023. With this supportive environment, Multi-Point Digits’ timing could not be better.
Why Stablecoins Matter
Stablecoins — digital currencies pegged to fiat assets like the U.S. dollar — are becoming foundational to both decentralized finance (DeFi) and traditional financial systems. They enable fast, low-cost cross-border payments, serve as on-ramps to crypto markets, and offer liquidity without the volatility associated with assets like Bitcoin.
For Multi-Point Digits, applying for a stablecoin license represents more than just regulatory compliance; it’s a gateway to offering financial products that bridge traditional retail operations with blockchain-based services. Potential applications include:
- Tokenized loyalty points
- Instant settlement for e-commerce transactions
- Cross-border remittances for supply chain partners
These use cases align perfectly with the company’s existing expertise in digital retail solutions, creating synergies that few pure-play crypto firms can match.
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Frequently Asked Questions (FAQ)
What triggered the Multi-Point Digits stock surge?
The stock jumped due to news of its Bitcoin treasury allocation and plans to apply for a Hong Kong stablecoin license — both seen as strong signals of commitment to Web3 innovation.
Does Multi-Point Digits already issue a stablecoin?
No, the company has not yet issued a stablecoin. It is preparing to apply for a license, which would allow it to launch regulated digital currency products in the future.
Is Multi-Point Digits affiliated with any major crypto exchanges?
While not owned by any exchange, it has hired executives from Amber and Crypto.com and partnered with HashKey Group — giving it strong ties to the crypto industry’s leading players.
How does Hong Kong regulate stablecoins?
Under new rules effective in 2024, stablecoin issuers must obtain a license from the Hong Kong Monetary Authority (HKMA), meet strict reserve and auditing requirements, and undergo regular compliance checks.
Can international investors buy Multi-Point Digits stock?
Yes, as a Hong Kong-listed company (ticker: 02586.HK), its shares are accessible through most global brokerage platforms that support港股 trading.
What’s the significance of partnering with HashKey?
HashKey is one of the few fully licensed crypto platforms in Hong Kong. This partnership provides Multi-Point Digits with technical infrastructure, regulatory guidance, and credibility in the Web3 space.
Looking Ahead: From Retail Tech to Digital Finance
Multi-Point Digits’ pivot into cryptocurrency marks a significant evolution. Once known primarily for digitizing supermarket operations and supply chain logistics, the company is now positioning itself as a hybrid fintech-player with ambitions across blockchain, digital payments, and decentralized finance.
With Bitcoin on its balance sheet, elite crypto talent onboard, a strategic alliance with HashKey, and a clear path toward issuing regulated stablecoins, Multi-Point Digits is building a robust foundation for long-term growth in the digital economy.
As institutional adoption accelerates and regulatory clarity improves — especially in forward-thinking markets like Hong Kong — companies that act early stand to gain first-mover advantages in product innovation, customer trust, and investor confidence.
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The journey from traditional tech to Web3 leadership is complex — but for Multi-Point Digits, it appears well underway. Investors and industry watchers alike will be closely monitoring its next steps in shaping the future of digital finance in Asia and beyond.