Duodianzhi completed a placement of HK$393 million, and 50% of the funds were used for research and development of stablecoins and blockchain
According to online reports, according to an announcement from the Hong Kong Stock Exchange, Duodianzhi Co., Ltd. announced that it has completed the placement of HK$393 million, and 50% of the net proceeds will be used for R & D investment and technological progress in stablecoins and blockchain, that is, all will be used to pay for the staff costs of the company's blockchain experts to develop and maintain relevant systems and interfaces related to new business development (Including various systems in the areas of trading, reserve management, clearing, compliance and issuance), these amounts are expected to be utilized before the end of 2026. The main source of income for this potential new business is investment income from stablecoins. The company plans to invest the fiat currency received through the stablecoin issuance in low-risk assets allowed by law to obtain investment returns. In addition, the company expects to generate revenue through transaction fees, provision of technical services, and potential authorization of blockchain payment infrastructure.
Disclaimer: The views in this article are from the original Creator and do not represent the views or position of Hawk Insight. The content of the article is for reference, communication and learning only, and does not constitute investment advice. If it involves copyright issues, please contact us for deletion.