In a surprising market move that captured investor attention, Multiverse Digital Intelligence (02568.HK) saw its shares surge nearly 90% intraday on July 3, before closing up 32.74% at a market capitalization of HK$10.8 billion. The dramatic rally followed reports that the company is preparing to apply for a stablecoin license in Hong Kong — a strategic pivot that could redefine its future in digital finance and retail innovation.
This potential entry into the stablecoin space marks a significant evolution for a company rooted in retail digital transformation. As global interest in cryptocurrency and blockchain-based financial infrastructure grows, Multiverse Digital Intelligence appears poised to bridge traditional commerce with emerging Web3 technologies.
Strategic Shift Toward Web3 and Digital Assets
Confirming the speculation, Tom Tang, Vice President and CFO of Multiverse Digital Intelligence, revealed that the company has long viewed the crypto ecosystem as a key growth frontier. “We’ve already allocated capital to Bitcoin and are actively recruiting Web3 talent to drive our strategic transformation,” Tang said.
The rationale behind this move is clear: stablecoins can dramatically enhance cross-border payment efficiency for its retail clients, reduce transaction costs, and improve overall consumer experience. With digital assets gaining traction across global commerce, integrating blockchain-powered payment solutions aligns with broader industry trends.
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Multiverse Digital Intelligence was founded in February 2015 as an investment holding company focused on providing end-to-end digital solutions for retailers. Its core offerings include the Dmall OS operating system and AIoT (Artificial Intelligence of Things) platforms, which help brick-and-mortar stores optimize inventory, streamline supply chains, and personalize customer engagement.
Despite reporting a net loss attributable to equity holders of approximately RMB 2.195 billion last year — a 238.7% increase compared to the previous year — the company demonstrated strong top-line momentum. Revenue from continuing operations reached RMB 1.859 billion, up 17.3% year-on-year, while gross profit rose 34.6% to RMB 746 million.
Betting Big on AI-Driven Retail Innovation
Parallel to its blockchain ambitions, Multiverse Digital Intelligence has made artificial intelligence a cornerstone of its long-term strategy. The company has positioned generative AI (Gen AI) at the heart of its innovation pipeline, exploring synergies between AI agents and robotics in real-world retail environments.
In his 2025 New Year message titled “Steadfast Dreams: Advancing with AI,” President Zhang Feng announced that the company has already achieved commercial-scale deployment of AI-driven solutions. These include the recently launched Dmall Solution 3.0, an integrated platform powered by advanced AI models designed specifically for retail workflows.
Zhang emphasized that these AI applications have already generated revenue at the hundred-million-yuan level, signaling tangible progress beyond pilot projects or theoretical frameworks.
Why Stablecoins Make Sense for Retail Tech Firms
Stablecoins — digital currencies pegged to stable assets like the U.S. dollar — are increasingly seen as a critical link between traditional finance and decentralized ecosystems. For a retail technology provider like Multiverse Digital Intelligence, issuing or integrating stablecoins could unlock several strategic advantages:
- Faster cross-border settlements for international suppliers and partners
- Lower remittance fees compared to conventional banking channels
- Seamless integration with smart contracts for automated loyalty programs and B2B transactions
- Enhanced data liquidity through tokenized customer behavior tracking
As Hong Kong positions itself as an international virtual asset hub, regulatory clarity has improved significantly. In late June, Guotai Junan International (01788.HK) received approval from the Securities and Futures Commission (SFC) to upgrade its license to offer virtual asset trading services — including stablecoins. Following the announcement, its stock soared by 198.39% in a single day.
According to a report by Zhongyan PuHua titled “Comprehensive Research and Trend Analysis of Hong Kong’s Digital Asset Industry During the 15th Five-Year Plan,” the city’s digital asset sector reached HK$112 billion in 2024. It is projected to exceed **HK$150 billion by 2025, growing at a compound annual rate of over 35%**.
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Market Outlook and Growth Potential
A recent research note from CITIC Securities highlighted that the stablecoin industry is still in its early stages but holds immense promise as a bridge between real-world economies and digital ecosystems. The firm noted that regulatory developments worldwide are paving the way for compliant growth, particularly in jurisdictions like Hong Kong that are proactively building crypto-friendly frameworks.
CITIC recommends focusing on companies that have clearly announced stablecoin initiatives and possess high certainty of regulatory approval. Long-term value, the report argues, will be driven by real-world use cases — especially those that create closed-loop ecosystems combining issuance, distribution, and application.
For Multiverse Digital Intelligence, such a loop may already be within reach: its vast network of retail clients provides a ready-made user base for stablecoin adoption, while its investments in AI and blockchain talent lay the technical foundation.
Frequently Asked Questions (FAQ)
Q: What is a stablecoin?
A: A stablecoin is a type of cryptocurrency designed to maintain a stable value by being pegged to a reserve asset, such as the U.S. dollar or other fiat currencies. It combines the speed and transparency of blockchain with minimal price volatility.
Q: Why would a retail tech company issue a stablecoin?
A: Issuing a stablecoin allows faster, cheaper cross-border payments, enables programmable commerce via smart contracts, and enhances customer loyalty systems through tokenization — all while improving operational efficiency.
Q: Is Multiverse Digital Intelligence already issuing stablecoins?
A: Not yet. The company is reportedly preparing to apply for a stablecoin license in Hong Kong but has not yet launched any digital currency.
Q: How does AI fit into their blockchain strategy?
A: AI enhances fraud detection, personalizes payment experiences, and powers autonomous retail agents that can interact with blockchain systems — creating smarter, more responsive commercial ecosystems.
Q: What risks does Multiverse face in entering the crypto space?
A: Regulatory uncertainty, market volatility, cybersecurity threats, and execution challenges in new technology domains pose potential risks. However, Hong Kong’s clear regulatory path mitigates some compliance concerns.
Q: Could this move improve the company’s profitability?
A: While still speculative, successful integration of stablecoins could open high-margin revenue streams through transaction fees, financial services, and ecosystem monetization — potentially offsetting current losses.
Conclusion: Building the Future of Intelligent Commerce
Multiverse Digital Intelligence’s reported push into stablecoins reflects a broader trend: traditional tech firms leveraging blockchain to future-proof their business models. By combining AI-driven retail solutions with digital asset infrastructure, the company aims to create a seamless, intelligent commerce ecosystem.
With Hong Kong accelerating its ambitions as a global crypto hub and investor sentiment shifting toward practical blockchain applications, now may be the ideal time for forward-thinking firms to act.
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As Multiverse Digital Intelligence navigates this transformation, all eyes will be on whether it can convert technological vision into sustainable financial performance — and potentially redefine what it means to be a modern retail tech leader in the age of Web3.
Core Keywords:
- Stablecoin
- Multiverse Digital Intelligence
- Hong Kong virtual asset hub
- Retail digital transformation
- AI in retail
- Web3 strategy
- Blockchain payments
- Gen AI applications