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Hong Kong-listed company Multi Point Intelligence completes HK$393 million placement, with proceeds allocated to stablecoin and blockchain R&D investment

Summary: According to reports, Hong Kong-listed company Multi Point Intelligence (02586.HK) has announced the completion of a HK$393 million placement, with 50% of the net proceeds allocated to stablecoin and blockchain R&D investment, technological advancements. This will be used entirely to cover the employee costs of the company's blockchain experts, for the development and maintenance of ...

According to reports, Hong Kong-listed company Multi Point Intelligence (02586.HK) has announced the completion of a HK$393 million placement, with 50% of the net proceeds allocated to stablecoin and blockchain R&D investment, technological advancements. This will be used entirely to cover the employee costs of the company's blockchain experts, for the development and maintenance of systems and interfaces related to new business development (including various systems in trading, reserve management, settlement, clearing, compliance, and issuance areas). These funds are expected to be utilized by the end of 2026.

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Link: Hong Kong-listed company Multi Point Intelligence completes HK$393 million placement, with proceeds allocated to stablecoin and blockchain R&D investment [Copy]

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