The global stablecoin landscape is gaining momentum, and a new player is preparing to step into the ring. Dmall Digital (02568.HK), a retail technology firm with a market capitalization exceeding HK$10 billion, has signaled its intent to enter the stablecoin sector—sparking a surge of investor interest and reshaping expectations for blockchain-powered commerce.
On July 3, shares of Dmall Digital surged nearly 90% intraday before settling with a 32.74% gain at midday, reflecting strong market enthusiasm. This rally coincided with confirmed reports that the company is actively pursuing a stablecoin license in Hong Kong, positioning itself at the intersection of traditional retail digitization and emerging Web3 financial infrastructure.
Strategic Move into Crypto: Confirmed by Leadership
In an exclusive confirmation to financial reporters, Dmall Digital’s Vice President and CFO, Yifan Tang, affirmed the company’s strategic pivot toward digital assets. “We have long-term confidence in the cryptocurrency space,” Tang stated. “We’ve already allocated resources to Bitcoin and are actively recruiting Web3 talent to drive this vision forward.”
According to Tang, stablecoins offer transformative potential for Dmall Digital’s core client base—retailers and consumers engaged in cross-border transactions. By integrating stablecoin payments, the company aims to significantly reduce transaction costs, accelerate settlement times, and enhance user experience across international markets.
This move aligns with broader trends of real-world asset (RWA) tokenization and the growing adoption of blockchain in enterprise operations.
About Dmall Digital: From Retail OS to Blockchain Ambitions
Founded in 2015, Dmall Digital operates as an investment holding company focused on digital transformation in the retail industry. Its two primary business pillars include:
- Dmall OS: A comprehensive operating system that streamlines supply chain management, inventory tracking, customer analytics, and omnichannel sales for retailers.
- AIoT Solutions: Advanced integration of artificial intelligence and Internet of Things technologies to optimize in-store operations, from smart shelves to automated checkout systems.
Despite reporting a net loss of approximately RMB 2.195 billion in its latest annual report—a 238.7% year-on-year increase—the company posted solid top-line growth. Revenue from continuing operations reached RMB 1.859 billion (up 17.3%), with gross profit rising 34.6% to RMB 746 million.
👉 Discover how blockchain innovation can transform traditional business models.
Betting Big on AI and Web3 Convergence
As artificial intelligence reshapes industries in 2025, Dmall Digital has doubled down on generative AI (Gen AI). The company now treats Gen AI as a core strategic priority, exploring synergies between AI agents and robotics within retail environments.
Its recently launched Dmall Solution 3.0 integrates advanced AI capabilities, enabling personalized shopping experiences, predictive demand forecasting, and autonomous store management. According to President Feng Zhang in his 2025 New Year message titled “Staying Committed: Moving Forward with AI,” the company has already achieved commercial-scale deployment of AI solutions, generating revenue in the hundreds of millions of yuan.
With stablecoin integration on the horizon, Dmall Digital may be laying the foundation for a closed-loop ecosystem where AI-driven retail platforms seamlessly interact with decentralized payment rails.
Why Stablecoins Make Sense for Retail Innovation
Stablecoins—digital currencies pegged to fiat assets like the U.S. dollar—are increasingly seen as critical infrastructure for global commerce. For a company like Dmall Digital, they offer several strategic advantages:
- Lower cross-border transaction fees compared to traditional banking channels
- Near-instant settlements, improving cash flow for merchants
- Seamless integration with digital wallets and mobile apps, enhancing customer convenience
- Programmable money features, enabling automated loyalty rewards, dynamic pricing, and smart contracts
Moreover, Hong Kong’s aggressive push to become an International Virtual Asset Hub provides a favorable regulatory backdrop. According to Zhongyan PuHua’s “Comprehensive Research Report on Hong Kong's Digital Asset Industry During the 14th Five-Year Plan,” the city’s digital asset sector was valued at HK$112 billion in 2024. Projections suggest it will exceed HK$150 billion by 2025, growing at a compound annual rate of over 35%.
This regulatory clarity and market momentum make Hong Kong an ideal launchpad for institutional-grade stablecoin projects.
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 backed by reserves such as fiat currency (e.g., USD), commodities, or other crypto assets.
Q: Is Dmall Digital issuing its own stablecoin?
A: While not yet officially confirmed, the company is pursuing a Hong Kong stablecoin license, suggesting plans to either issue or facilitate stablecoin transactions within its ecosystem.
Q: How could stablecoins benefit everyday shoppers?
A: Stablecoins can enable faster international payments, lower remittance costs, and smoother integration with mobile shopping apps—especially useful for cross-border e-commerce.
Q: Is Hong Kong supportive of crypto innovation?
A: Yes. Hong Kong has implemented clear regulations for virtual asset trading platforms and is actively encouraging institutional participation in blockchain and digital currency initiatives.
Q: Could this move improve Dmall Digital’s profitability?
A: Potentially. While still in early stages, entering high-growth sectors like blockchain payments could open new revenue streams through transaction fees, financial services, and ecosystem expansion.
👉 Explore the future of digital finance and how companies are leveraging blockchain today.
Industry Trends: Stablecoins as the Bridge Between Worlds
As highlighted in a recent research report by Citic Securities, the stablecoin industry remains in its early but rapidly evolving phase. It serves as a crucial bridge connecting decentralized finance (DeFi) with real-world economic activity.
With clearer regulations emerging globally—from Hong Kong to Singapore and parts of Europe—industry players anticipate a wave of compliant stablecoin adoption across payment networks, supply chains, and enterprise finance.
Dmall Digital’s potential entry follows similar moves by financial institutions. On June 25, Guotai Junan International (01788.HK) announced it had upgraded its license to allow direct trading of cryptocurrencies and stablecoins on its platform—prompting its stock to soar by 198.39% that day.
Such market reactions underscore investor appetite for companies that are not just observing but actively participating in the digital asset revolution.
Core Keywords Integrated:
- Stablecoin
- Dmall Digital
- Hong Kong virtual asset hub
- Retail technology
- Blockchain payments
- AI in retail
- Web3 strategy
- Cross-border transactions
As Dmall Digital advances its dual focus on AI-driven retail solutions and blockchain-based financial innovation, it may be positioning itself as a pioneer in merging physical commerce with next-generation digital infrastructure.
👉 Stay ahead of the curve—see how leading firms are adopting blockchain for real-world impact.
While challenges remain—including regulatory scrutiny and execution risk—the convergence of AI, IoT, and decentralized finance presents a compelling long-term opportunity. If successful, Dmall Digital could emerge as more than a tech enabler—it could become a key architect of the future digital economy.