DuoDian Zhi has completed a HKD 393 million placement, with 50% of the funds allocated for stablecoin and blockchain research and development

According to Foresight News, according to an announcement from the Hong Kong Stock Exchange, Multi Point Intelligence Limited has announced the completion of a HKD 393 million placement. 50% of the net proceeds will be used for investment in stablecoin and blockchain research and development, technological progress, and all will be used to pay for the company's blockchain experts' staff costs, to develop and maintain related systems and interfaces related to new business development (including trading, reserve management, settlement, clearing, compliance, and issuance systems). The funds are expected to be used by the end of 2026. The main source of income for this potential new business is investment returns from stablecoins. The company plans to invest the legal tender received through stablecoin issuance in low-risk assets permitted by law to obtain investment returns. In addition, the company expects to generate revenue through transaction fees, provision of technical services, and potential authorization of blockchain payment infrastructure.