TechFlow news, on July 25, according to the Hong Kong-listed company Dmall Digital Intelligence Limited, the company has completed its share placement and subscription, raising approximately HK$388 million in net proceeds. The company announced that 50% of the funds will be allocated to investments in stablecoin and blockchain research and development, with the remaining 50% designated for general corporate purposes.
Dmall Digital Intelligence stated it is actively exploring potential new businesses in the stablecoin and blockchain payment sectors, expecting capital requirements for this business to amount to around HK$100 million over the next 12 months. The company plans to generate investment returns by investing fiat currency received from stablecoin issuance into low-risk assets, and to derive revenue through transaction fees, technical services, and licensing of blockchain payment infrastructure.
Dmall Digital Intelligence emphasized that this investment strategy aims to respond to the Hong Kong government's policy support for Web3 and digital asset innovation, positioning itself as a key participant in the digital asset and Web3 infrastructure fields.
