In a strategic move aligned with Hong Kong’s progressive Web3 development policies, Dmall Technology (02586.HK) has announced its investment in Bitcoin and initiated preparations to apply for a stablecoin license. This marks a significant step in the company's digital transformation journey, positioning it at the forefront of blockchain innovation within the retail technology sector.
The company disclosed that it has purchased Bitcoin via Hash Key Exchange using existing cash reserves—excluding funds raised from its initial public offering. This investment underscores Dmall Tech’s confidence in digital assets as a long-term strategic asset class amid evolving financial ecosystems.
Strategic Partnership with Hash Key Group
On February 5, 2025, Dmall Technology entered into a strategic cooperation agreement with Hash Key Group, a leading force in Hong Kong’s digital asset ecosystem. Under the agreement, the two parties will collaborate on key initiatives including:
- Digital asset trading
- Web3 technology research and application
- Blockchain ecosystem development
As part of this collaboration, Dmall has successfully opened a trading account on Hash Key Exchange and completed its first Bitcoin acquisition. The partnership leverages each party’s strengths—Dmall’s deep expertise in retail digitization and Hash Key’s robust infrastructure in regulated digital asset services—to deliver innovative solutions tailored for modern retail businesses.
👉 Discover how leading companies are integrating blockchain into real-world commerce.
Embracing Hong Kong’s Pro-Web3 Regulatory Environment
Dmall’s move comes in response to Hong Kong’s proactive regulatory framework supporting the growth of Web3 and digital finance. Since October 2022, the Hong Kong Special Administrative Region government has introduced a series of measures to regulate and encourage cryptocurrency trading and blockchain innovation.
A pivotal milestone was reached on June 6, 2025, when the government published the Stablecoin Ordinance (Commencement) Notice in the Gazette, setting August 1, 2025, as the official implementation date for the Stablecoin Ordinance (Cap. 656). This new law establishes a licensing regime for stablecoin-related activities, reinforcing Hong Kong’s ambition to become a global hub for digital asset innovation while ensuring financial stability and consumer protection.
By preparing to apply for a stablecoin license under this new regulatory framework, Dmall demonstrates not only foresight but also compliance-first thinking—a critical trait for sustainable growth in regulated markets.
Why Stablecoins Matter for Retail Innovation
Dmall serves a vast network of retail clients with complex cross-border procurement and domestic payment needs. Traditional payment systems often involve high fees, delays, and inefficiencies—challenges that stablecoins are uniquely positioned to address.
Stablecoins offer:
- Faster settlement times across borders
- Lower transaction costs compared to traditional banking channels
- Greater transparency and traceability through blockchain ledgers
- Seamless integration with digital platforms and smart contracts
With these advantages, stablecoin-based payments can significantly enhance the efficiency of supply chain financing, international trade settlements, and point-of-sale transactions in retail environments.
Dmall aims to leverage this technology to build next-generation payment solutions that serve both retailers and end consumers more effectively.
Advancing Web3-Powered Retail Solutions
Beyond investment and licensing, Dmall is actively working with Hash Key Group to develop practical Web3 applications tailored for retail use cases. These include:
- Stablecoin payment gateways for merchants
- Tokenized loyalty programs using blockchain
- Supply chain tokenization for improved inventory tracking
The companies also plan to participate in pilot programs led by Hong Kong regulators, contributing real-world insights from the retail sector to shape future policy and technical standards.
Their joint vision is to drive broader adoption of stablecoins in everyday commerce, ultimately supporting Hong Kong’s goal of becoming a leading center for digital asset ecosystems.
👉 See how blockchain is transforming traditional industries like retail and finance.
Financial Strength Supports Strategic Growth
Dmall emphasizes that its core business remains strong, with healthy cash flow and sustained revenue growth. This financial resilience enables the company to explore strategic opportunities in emerging technologies without compromising its primary mission: delivering cutting-edge digital solutions for retailers across China and internationally.
By reinvesting surplus capital into forward-looking initiatives like Bitcoin holdings and stablecoin infrastructure, Dmall is diversifying its technological portfolio while staying aligned with global fintech trends.
Core Keywords Integration
This article naturally incorporates the following core keywords based on search intent and industry relevance:
- Bitcoin investment
- Stablecoin license
- Web3 development
- Blockchain in retail
- Digital asset regulation
- Hash Key Exchange
- Hong Kong Web3 policy
- Retail payment innovation
These terms reflect user search behaviors related to corporate crypto adoption, regulatory developments in Asia, and the convergence of blockchain technology with traditional commerce.
Frequently Asked Questions (FAQ)
Q: Why is Dmall investing in Bitcoin?
A: Dmall views Bitcoin as a strategic digital asset that aligns with long-term trends in global finance. The investment is made using existing cash reserves and reflects confidence in the maturing digital asset ecosystem, especially under Hong Kong’s regulated environment.
Q: What is a stablecoin license and why does it matter?
A: A stablecoin license permits a company to issue or manage stablecoins—digital currencies pegged to stable assets like the US dollar. Under Hong Kong’s new Stablecoin Ordinance, such licensing ensures transparency, reserve backing, and consumer protection, making it essential for any serious player in the digital currency space.
Q: How can stablecoins benefit retail businesses?
A: Stablecoins enable faster, cheaper cross-border payments, reduce reliance on traditional banking systems, and support automated settlements via smart contracts. For retailers dealing with international suppliers or e-commerce platforms, this translates into improved cash flow and operational efficiency.
Q: Is Dmall using IPO funds for this investment?
A: No. The company clarifies that the Bitcoin purchase was funded entirely from existing corporate cash reserves, not from proceeds of its initial public offering.
Q: What role does Hash Key Group play in this initiative?
A: Hash Key Group provides a regulated platform (Hash Key Exchange) for digital asset trading and serves as a strategic partner in developing Web3 solutions. Their collaboration allows Dmall to enter the digital asset space securely and compliantly.
Q: Will Dmall launch its own stablecoin?
A: While no official announcement has been made, Dmall’s preparation to apply for a stablecoin license suggests it may pursue issuing or managing a retail-focused stablecoin in the future, particularly for supply chain and payment applications.
👉 Learn more about how businesses are adopting digital assets today.
Looking Ahead: A Digital Future for Retail
As Web3 continues to evolve from concept to commercial reality, companies like Dmall Technology are bridging the gap between traditional retail and decentralized finance. By combining regulatory compliance, strategic investment, and practical application development, Dmall is not just adapting to change—it’s helping shape the future of digital commerce.
With strong fundamentals and a clear vision for innovation, Dmall is well-positioned to lead the integration of blockchain technologies into mainstream retail operations—not just in Hong Kong, but globally.