Multidimensional Intelligence completed a placement of HKD 393 million, with 50% of the funds used for stablecoin and Blockchain research and development.

[DuoDian Smart has completed a placement of HKD 393 million, with 50% of the funds used for stablecoin and blockchain R&D] According to a Hong Kong Stock Exchange announcement, DuoDian Smart Limited has completed a placement of HKD 393 million, with 50% of the net proceeds used for research and development investment in stablecoin and blockchain, specifically all of it will be used to cover the employee costs of the company’s blockchain experts to develop and maintain related systems and interfaces associated with new business development (including various systems in the areas of trading, reserve management, settlement, clearing, compliance, and issuance). These funds are expected to be used by the end of 2026. The main source of income for this potential new business is the investment returns from stablecoin. The company plans to invest the fiat currency received from the stablecoin issuance into low-risk assets allowed by law to generate investment returns. In addition, the company expects to generate income through transaction fees, the provision of technical services, and potential licensing of blockchain payment infrastructure.