Multipoint Digital and HashKey Group Partner to Usher in a New Era of Web3 for the Retail Industry

Multipoint Digital and HashKey Group Partner to Usher in a New Era of Web3 for the Retail IndustryOn February 5th, Multipoint Digital (02586.HK) and HashKey Group, a leading Asian digital asset financial services group, formally signed a strategic cooperation agreement

Multipoint Digital and HashKey Group Partner to Usher in a New Era of Web3 for the Retail Industry

On February 5th, Multipoint Digital (02586.HK) and HashKey Group, a leading Asian digital asset financial services group, formally signed a strategic cooperation agreement. This marks a significant step towards deeper collaboration in digital asset trading, Web3 technology application, and blockchain ecosystem development, jointly empowering the digital transformation and upgrade of the retail industry. This partnership will leverage the strengths and resources of both parties to provide retail businesses with advanced and professional digital asset service solutions, opening a new chapter in the Web3 era for retail.

Under the agreement, Multipoint Digital will open a trading account on HashKey Exchange, utilizing its advantages as Hong Kong's largest licensed virtual asset trading platform to access secure, compliant, and professional digital asset trading services, along with diversified investment options. HashKey Exchange's total trading volume exceeded HK$600 billion and its asset size surpassed HK$10 billion as of December 31, 2024, providing Multipoint Digital's digital asset strategy with a strong and stable foundation. This transaction's scale and HashKey Exchange's excellent reputation instill significant confidence and support for Multipoint Digital's foray into the digital asset field. Both parties stand to benefit immensely from this collaboration, marking a milestone achievement in the Asian technology and finance sectors.

Multipoint Digital, a leading pan-Asian omnichannel digital retail solution provider, has consistently strived to empower the retail industry's digital and intelligent upgrade through AI-driven solutions and a combination of software and hardware. This collaboration with HashKey Group further expands Multipoint Digital's service scope, offering its retail partners a more comprehensive digital transformation solution. Leveraging HashKey Group's expertise, Multipoint Digital will assist retail businesses in tokenizing Real-World Assets (RWAs), mapping physical and financial assets into digital tokens on the blockchain. This technology will significantly improve asset liquidity, broaden financing channels, create new growth opportunities for retail businesses, and provide a competitive edge in the market. This not only enhances the profit potential of retail businesses but also provides new momentum for their long-term, stable development.

The application of RWA tokenization will revolutionize how retail businesses manage their assets. Traditional retail businesses often face challenges such as insufficient asset liquidity and limited financing channels. By tokenizing physical and financial assets, businesses can transform them into more easily tradable and manageable digital assets, improving asset utilization efficiency, accessing more convenient financing channels, and better responding to market changes. This will bring unprecedented opportunities to retail businesses, further promoting innovation and development in the retail industry. Multipoint Digital plays a crucial role in this partnership, serving as a bridge connecting the traditional retail industry with the Web3 world and driving the digital transformation of the retail sector.

Beyond RWA tokenization, the two parties will collaborate to launch services in Hong Kong, including stablecoin payments, to optimize payment solutions and enhance customer experience. Stablecoins, as digital currencies pegged to fiat currencies, offer stability and ease of use. Their application in retail payment scenarios will significantly improve payment efficiency, reduce costs, and enhance the consumer shopping experience. This will help propel Hong Kong to become a crucial hub for global digital asset ecosystem development. As a major Asian financial center, Hong Kong's high acceptance of emerging technologies provides a favorable environment for the promotion of stablecoin payments. Launching this service in Hong Kong will not only boost the development of Hong Kong's fintech but also provide a benchmark for other regions.

Another significant aspect of the partnership involves actively participating in pilot programs with Hong Kong's regulatory authorities to promote the issuance and adoption of stablecoins. The Hong Kong Special Administrative Region government has actively promoted the regulated development of the virtual asset industry in recent years, introducing a series of supportive policies to create favorable conditions for the legal and compliant development of stablecoins. Multipoint Digital and HashKey Group's active participation in pilot programs will help drive the standardization and regulatory improvement of stablecoins, promoting the healthy development of the entire digital asset industry. Regulation of stablecoins will help mitigate risks, build investor confidence, and facilitate the application of stablecoins in a wider range of scenarios.

The strategic significance of this collaboration lies in its ability to drive deep integration between the retail industry and blockchain technology, creating new business models and ecosystems. Applying blockchain technology to the retail industry can improve supply chain management efficiency, enhance consumer data security, and optimize customer relationship management. This will not be a simple technological application but a profound transformation of the entire retail industry's business model. The partnership between Multipoint Digital and HashKey Group will accelerate this transformation, bringing unprecedented development opportunities to the retail industry.

The collaboration between Multipoint Digital and HashKey Group is not merely a commercial partnership; it is an exploration and practical application of future retail development models. The combined strengths of both parties will jointly drive the digital transformation of the retail industry, providing consumers with a more convenient, secure, and intelligent shopping experience. This will be a landmark collaboration, setting an example for the development of the retail industry in Asia and globally. In the future, both parties will further explore more cooperation opportunities, jointly promoting the widespread application of Web3 technology in the retail industry, creating a brighter future for the retail sector. The success of this collaboration will serve as a reference for other companies, encouraging more businesses to join the Web3 wave. This is not just a partnership between two companies but a shared aspiration for the future of the entire industry. It is believed that through the joint efforts of both parties, the digital transformation of the retail industry will surely enter a new era.